Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 52-Week High at $169.94

Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) reached a new 52-week high during trading on Tuesday . The stock traded as high as $169.94 and last traded at $169.92, with a volume of 644018 shares. The stock had previously closed at $168.72.

Invesco S&P 500 Equal Weight ETF Stock Performance

The company has a market cap of $57.24 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s fifty day moving average is $165.31 and its two-hundred day moving average is $162.71.

Hedge Funds Weigh In On Invesco S&P 500 Equal Weight ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RSP. Fairman Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $27,000. Partnership Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $25,000. Howe & Rusling Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. DHJJ Financial Advisors Ltd. raised its position in Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Creekmur Asset Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares in the last quarter.

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).