CVS HEALTH Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,000 shares of the company’s stock, valued at approximately $4,576,000. Invesco S&P 500 Equal Weight ETF makes up about 1.1% of CVS HEALTH Corp’s holdings, making the stock its 22nd biggest holding.
Other institutional investors have also modified their holdings of the company. Ndwm LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.1% during the 3rd quarter. Ndwm LLC now owns 80,186 shares of the company’s stock worth $16,680,000 after purchasing an additional 3,165 shares during the period. Cabot Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the third quarter. Cabot Wealth Management Inc. now owns 67,770 shares of the company’s stock worth $14,097,000 after purchasing an additional 1,737 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 35.0% during the third quarter. Ritholtz Wealth Management now owns 9,023 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,340 shares during the last quarter. NBH Bank grew its position in shares of Invesco S&P 500 Equal Weight ETF by 127.9% in the third quarter. NBH Bank now owns 1,199 shares of the company’s stock valued at $249,000 after purchasing an additional 673 shares during the period. Finally, Granville Capital Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 6.8% in the third quarter. Granville Capital Inc. now owns 57,623 shares of the company’s stock valued at $11,987,000 after purchasing an additional 3,677 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 0.8%
Invesco S&P 500 Equal Weight ETF stock opened at $222.65 on Thursday. The firm has a market capitalization of $105.79 billion, a P/E ratio of 20.90 and a beta of 0.92. The stock has a fifty day moving average price of $214.92 and a 200 day moving average price of $208.60. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $224.20.
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.
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