Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Reaches New 1-Year High – What’s Next?

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) shares reached a new 52-week high on Friday . The company traded as high as $185.79 and last traded at $185.74, with a volume of 3265925 shares changing hands. The stock had previously closed at $184.08.

Invesco S&P 500 Equal Weight ETF Price Performance

The firm’s fifty day moving average is $179.66 and its two-hundred day moving average is $171.95. The firm has a market capitalization of $62.14 billion, a PE ratio of 20.44 and a beta of 0.90.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

Several institutional investors have recently modified their holdings of the business. LRI Investments LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $79,000. BOKF NA increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.9% during the first quarter. BOKF NA now owns 25,989 shares of the company’s stock worth $4,376,000 after buying an additional 1,203 shares during the last quarter. Econ Financial Services Corp raised its position in Invesco S&P 500 Equal Weight ETF by 458.2% in the first quarter. Econ Financial Services Corp now owns 7,681 shares of the company’s stock worth $1,301,000 after acquiring an additional 6,305 shares during the period. Waverly Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.4% in the first quarter. Waverly Advisors LLC now owns 493,919 shares of the company’s stock valued at $83,655,000 after acquiring an additional 20,989 shares during the last quarter. Finally, Black Maple Capital Management LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at approximately $4,759,000.

Invesco S&P 500 Equal Weight ETF Company 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).