OP Asset Management Ltd Invests $30.47 Million in Invesco S&P 500 Equal Weight ETF $RSP

OP Asset Management Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, Holdings Channel.com reports. The firm bought 158,782 shares of the company’s stock, valued at approximately $30,473,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Morgan Stanley raised its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $287,168,000. Finally, State of Wisconsin Investment Board grew its position in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after purchasing an additional 1,060,181 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

NYSEARCA:RSP opened at $210.38 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $178.60 and a one year high of $214.30. The stock has a market cap of $90.76 billion, a PE ratio of 20.10 and a beta of 0.91. The stock has a 50 day moving average price of $205.75 and a 200 day moving average price of $199.94.

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.