Invesco S&P 500 Equal Weight ETF $RSP Holdings Trimmed by IFP Advisors Inc
by Sarita Garza · The Markets DailyIFP Advisors Inc cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 4.3% in the third quarter, HoldingsChannel reports. The fund owned 149,794 shares of the company’s stock after selling 6,726 shares during the period. IFP Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $31,160,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $400,736,000. Eastern Bank bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $155,449,000. Rokos Capital Management LLP bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $134,688,000. Finally, Quantum Portfolio Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $104,325,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA:RSP opened at $214.09 on Friday. The company has a market cap of $98.92 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The stock’s fifty day moving average price is $215.81 and its two-hundred day moving average price is $210.38. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43.
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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
Recommended Stories
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).