Sumitomo Mitsui Trust Group Inc. Purchases 135,000 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 69.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 329,700 shares of the company’s stock after buying an additional 135,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.08% of Invesco S&P 500 Equal Weight ETF worth $63,276,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RSP. Morgan Stanley increased its holdings in shares of 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 period. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $306,496,000. BW Gestao de Investimentos Ltda. bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board raised its holdings in 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 worth $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded up $0.80 during mid-day trading on Friday, hitting $214.30. 5,539,473 shares of the stock traded hands, compared to its average volume of 14,463,745. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37. The stock has a market cap of $96.73 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock’s fifty day moving average is $208.58 and its two-hundred day moving average is $201.64.

Invesco S&P 500 Equal Weight ETF 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.