Sterling Capital Management LLC Raises Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Sterling Capital Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 569.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 25,719 shares of the company’s stock after acquiring an additional 21,876 shares during the quarter. Sterling Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,936,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RSP. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $26,000. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $29,000. Finally, Hurley Capital LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during 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

NYSEARCA:RSP opened at $210.31 on Friday. The firm has a market capitalization of $90.73 billion, a P/E ratio of 20.10 and a beta of 0.91. The company’s fifty day moving average price is $206.21 and its 200-day moving average price is $200.15. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $214.30.

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.