Invesco S&P 500 Equal Weight ETF $RSP Shares Acquired by Meitav Investment House Ltd.

Meitav Investment House Ltd. lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 210.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 153,807 shares of the company’s stock after acquiring an additional 104,264 shares during the period. Meitav Investment House Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSP. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000. Hurley Capital LLC increased its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares during the period. Basepoint Wealth LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $40,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $42,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP traded down $0.06 during mid-day trading on Tuesday, reaching $214.94. 3,376,405 shares of the company’s stock were exchanged, compared to its average volume of 14,555,501. The business’s fifty day simple moving average is $207.59 and its 200-day simple moving average is $201.10. The stock has a market capitalization of $94.79 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37.

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.