Ridgepath Capital Management LLC Raises Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Ridgepath Capital Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 466.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 34,916 shares of the company’s stock after purchasing an additional 28,749 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.9% of Ridgepath Capital Management LLC’s portfolio, making the stock its 10th largest position. Ridgepath Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,048,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RSP. Goldman Sachs Group Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 219.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the last quarter. Temasek Holdings Private Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $720,730,000. Japan Science & Technology Agency purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $656,908,000. Phoenix Financial Ltd. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $269,253,000. Finally, Invesco Ltd. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.0% in the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after purchasing an additional 1,195,627 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $190.33 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $190.54. The stock has a market capitalization of $75.45 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. The company has a fifty day moving average of $185.88 and a 200-day moving average of $177.65.

About Invesco S&P 500 Equal Weight ETF

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues).