SCS Capital Management LLC Buys 214,727 Shares of Invesco S&P 500 Equal Weight ETF $RSP

SCS Capital Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 596,705 shares of the company’s stock after purchasing an additional 214,727 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.2% of SCS Capital Management LLC’s holdings, making the stock its 16th largest holding. SCS Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $114,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of RSP. Brighton Jones LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $83,931,000. Bison Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $11,553,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth $279,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $208.83 on Monday. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm has a fifty day simple moving average of $199.81 and a two-hundred day simple moving average of $197.22. Invesco S&P 500 Equal Weight ETF has a 12 month low of $174.27 and a 12 month high of $209.32.

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). 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.