iA Global Asset Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 266,177 shares of the company’s stock, valued at approximately $47,688,000. Invesco S&P 500 Equal Weight ETF accounts for 0.8% of iA Global Asset Management Inc.’s holdings, making the stock its 23rd largest position.
Other hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $28,000. Richardson Financial Services Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares during the period. Truvestments Capital LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $29,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 146.7% during the third quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA RSP opened at $185.19 on Friday. The business has a fifty day moving average of $181.38 and a two-hundred day moving average of $173.17. Invesco S&P 500 Equal Weight ETF has a 52-week low of $149.41 and a 52-week high of $188.16. The stock has a market cap of $62.03 billion, a PE ratio of 20.44 and a beta of 0.90.
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).
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