National Wealth Management Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,037 shares of the company’s stock, valued at approximately $479,000.
Several other institutional investors have also added to or reduced their stakes in RSP. Morgan Stanley boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after purchasing an additional 2,153,993 shares during the period. Truist Financial Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the 3rd quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock worth $1,107,273,000 after purchasing an additional 112,526 shares during the period. UBS Group AG boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 17.4% in the 3rd quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after purchasing an additional 880,506 shares during the period. Invesco Ltd. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.6% in the 3rd quarter. Invesco Ltd. now owns 4,521,037 shares of the company’s stock worth $640,586,000 after purchasing an additional 609,306 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 70.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock worth $528,915,000 after purchasing an additional 1,545,894 shares during the period.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.22 on Monday, reaching $161.03. The company had a trading volume of 4,775,132 shares, compared to its average volume of 6,661,323. The firm’s 50-day moving average price is $163.85 and its two-hundred day moving average price is $154.63. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80. The firm has a market cap of $54.68 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.
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).
Further Reading
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- How to Capture the Benefits of Dividend Increases
- It’s Time to Buy Into the Super Micro Computer Stock Implosion
- Best Stocks Under $10.00
- Merger or Not, Albertson’s Companies is a Good Buy
- The Role Economic Reports Play in a Successful Investment Strategy
- 3 Cheap Stocks That Shouldn’t Be So
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).
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
