Ndwm LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 31,544 shares of the company’s stock, valued at approximately $4,978,000. Invesco S&P 500 Equal Weight ETF makes up approximately 4.8% of Ndwm LLC’s investment portfolio, making the stock its 5th largest position.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 41.4% in the fourth quarter. Hsbc Holdings PLC now owns 4,438 shares of the company’s stock valued at $700,000 after purchasing an additional 1,300 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 18.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,447 shares of the company’s stock valued at $544,000 after buying an additional 543 shares during the last quarter. Unconventional Investor LLC increased its position in Invesco S&P 500 Equal Weight ETF by 18.9% during the fourth quarter. Unconventional Investor LLC now owns 3,833 shares of the company’s stock worth $605,000 after buying an additional 608 shares in the last quarter. Fortis Capital Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 163.3% in the fourth quarter. Fortis Capital Advisors LLC now owns 3,949 shares of the company’s stock worth $623,000 after acquiring an additional 2,449 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 37,189 shares of the company’s stock valued at $5,869,000 after acquiring an additional 1,494 shares in the last quarter.
Invesco S&P 500 Equal Weight ETF Stock Performance
Invesco S&P 500 Equal Weight ETF stock traded up $1.09 during midday trading on Friday, reaching $165.94. 3,252,218 shares of the company were exchanged, compared to its average volume of 6,224,576. The firm’s 50-day simple moving average is $164.89 and its 200-day simple moving average is $159.00. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80. The company has a market capitalization of $55.58 billion, a price-to-earnings 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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