Grandfield & Dodd LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,440 shares of the company’s stock, valued at approximately $413,000.
Several other institutional investors have also recently made changes to their positions in the stock. Partnership Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $25,000. Howe & Rusling Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. Fairman Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $27,000. GAMMA Investing LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $38,000. Finally, Silicon Valley Capital Partners bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $41,000.
Invesco S&P 500 Equal Weight ETF Price Performance
RSP stock traded up $1.99 during mid-day trading on Thursday, hitting $167.06. 10,866,739 shares of the stock were exchanged, compared to its average volume of 6,015,999. The business has a fifty day moving average price of $165.10 and a 200 day moving average price of $162.49. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The stock has a market capitalization of $55.96 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.
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).
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