Howland Capital Management LLC Takes $423,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Howland Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,495 shares of the company’s stock, valued at approximately $423,000.

Other large investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.5% in the fourth quarter. UBS Group AG now owns 6,039,483 shares of the company’s stock valued at $953,030,000 after buying an additional 90,811 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $860,010,000. Balyasny Asset Management L.P. bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $671,392,000. Cresset Asset Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 7.0% during the fourth quarter. Cresset Asset Management LLC now owns 2,879,877 shares of the company’s stock valued at $454,445,000 after purchasing an additional 188,443 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.8% during the fourth quarter. Sei Investments Co. now owns 2,370,675 shares of the company’s stock valued at $374,095,000 after purchasing an additional 41,003 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP traded up $0.91 during trading hours on Friday, reaching $167.97. 309,603 shares of the company’s stock traded hands, compared to its average volume of 5,973,158. The business’s fifty day simple moving average is $165.10 and its two-hundred day simple moving average is $162.49. The firm has a market capitalization of $56.26 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $169.80.

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).