Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stake Lifted by New Insight Wealth Advisors

New Insight Wealth Advisors grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 54.0% during the fourth quarter, HoldingsChannel reports. The firm owned 54,365 shares of the company’s stock after buying an additional 19,072 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 4.8% of New Insight Wealth Advisors’ portfolio, making the stock its 6th largest position. New Insight Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $9,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Financial Concepts LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after acquiring an additional 8,451,521 shares during the period. SPX Gestao de Recursos Ltda boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after purchasing an additional 839,150 shares during the period. Heck Capital Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $83,931,000. Penserra Capital Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 2,274.4% during the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after buying an additional 465,623 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Invesco S&P 500 Equal Weight ETF by 32,458.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 362,372 shares of the company’s stock worth $70,074,000 after buying an additional 361,259 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $176.69 on Monday. The firm has a market cap of $73.45 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16. The stock’s 50-day simple moving average is $179.07 and its 200-day simple moving average is $179.17.

Invesco S&P 500 Equal Weight ETF Profile

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).