Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 52-Week High – What’s Next?

Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) hit a new 52-week high on Friday . The stock traded as high as $188.16 and last traded at $187.62, with a volume of 3734300 shares changing hands. The stock had previously closed at $187.05.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3 %

The company has a market capitalization of $62.84 billion, a PE ratio of 20.44 and a beta of 0.90. The firm has a fifty day moving average of $180.49 and a two-hundred day moving average of $172.51.

Institutional Investors Weigh In On Invesco S&P 500 Equal Weight ETF

Several institutional investors have recently bought and sold shares of the stock. CPA Asset Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after acquiring an additional 62 shares during the period. Inlet Private Wealth LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after purchasing an additional 63 shares during the last quarter. Delta Investment Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after purchasing an additional 65 shares during the last quarter. America First Investment Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.6% during the 2nd quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock valued at $428,000 after purchasing an additional 66 shares during the last quarter. Finally, Opal Wealth Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the 2nd quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock valued at $715,000 after purchasing an additional 67 shares during the last quarter.

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).