JPMorgan Chase & Co. Buys 2,328,560 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 48.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,094,524 shares of the company’s stock after acquiring an additional 2,328,560 shares during the period. JPMorgan Chase & Co. owned approximately 2.12% of Invesco S&P 500 Equal Weight ETF worth $1,201,600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.5% during the 4th quarter. UBS Group AG now owns 6,039,483 shares of the company’s stock valued at $953,030,000 after purchasing an additional 90,811 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $860,010,000. Balyasny Asset Management L.P. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $671,392,000. Cresset Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7.0% during the 4th quarter. Cresset Asset Management LLC now owns 2,879,877 shares of the company’s stock valued at $454,445,000 after acquiring an additional 188,443 shares during the period. Finally, Sei Investments Co. increased its stake in Invesco S&P 500 Equal Weight ETF by 1.8% in the fourth quarter. Sei Investments Co. now owns 2,370,675 shares of the company’s stock worth $374,095,000 after purchasing an additional 41,003 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7 %

RSP traded down $1.14 on Friday, reaching $168.40. 5,683,903 shares of the company traded hands, compared to its average volume of 6,143,818. The company has a market cap of $56.40 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $172.38. The firm has a fifty day simple moving average of $165.70 and a two-hundred day simple moving average of $163.02.

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).