PartnerRe Asset Management CORP Acquires Shares of 139,696 Invesco S&P 500 Equal Weight ETF $RSP

PartnerRe Asset Management CORP bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 139,696 shares of the company’s stock, valued at approximately $26,760,000. Invesco S&P 500 Equal Weight ETF accounts for about 19.2% of PartnerRe Asset Management CORP’s investment portfolio, making the stock its 2nd biggest holding.

A number of other large investors have also recently made changes to their positions in the stock. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock valued at $50,459,000 after buying an additional 137,493 shares during the period. CMG Global Holdings LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after acquiring an additional 4,262 shares during the period. Sowell Financial Services LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 23.2% during the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after acquiring an additional 3,829 shares during the period. Argent Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Roman Butler Fullerton & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after acquiring an additional 4,358 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $191.08 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24. The firm has a market capitalization of $79.24 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock has a 50 day moving average price of $199.10 and a 200 day moving average price of $193.42.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.