CVS HEALTH Corp Buys Shares of 23,000 Invesco S&P 500 Equal Weight ETF $RSP

CVS HEALTH Corp bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,000 shares of the company’s stock, valued at approximately $4,414,000. Invesco S&P 500 Equal Weight ETF makes up approximately 2.1% of CVS HEALTH Corp’s investment portfolio, making the stock its 15th biggest position.

Several other hedge funds have also modified their holdings of RSP. Morgan Stanley lifted its position in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth 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 fourth quarter worth $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $306,496,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $287,168,000. Finally, State of Wisconsin Investment Board lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th 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 during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

Shares of RSP opened at $212.42 on Tuesday. The firm has a market cap of $95.53 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $216.37. The stock has a fifty day moving average price of $209.75 and a 200-day moving average price of $202.54.

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.