Kayne Anderson Rudnick Investment Management LLC Has $8.19 Million Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kayne Anderson Rudnick Investment Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,876 shares of the company’s stock after purchasing an additional 2,566 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. VitalStone Financial LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $303,000. Optimum Investment Advisors increased its position in shares of Invesco S&P 500 Equal Weight ETF by 95.5% in the first quarter. Optimum Investment Advisors now owns 2,170 shares of the company’s stock worth $368,000 after purchasing an additional 1,060 shares during the period. Tran Capital Management L.P. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $434,000. Mitchell Sinkler & Starr PA bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $506,000. Finally, Commerce Bank boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.4% in the fourth quarter. Commerce Bank now owns 2,387 shares of the company’s stock valued at $377,000 after buying an additional 483 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $177.44 on Monday. The stock has a market cap of $59.43 billion, a PE ratio of 20.44 and a beta of 0.90. The firm’s fifty day moving average price is $171.16 and its two-hundred day moving average price is $167.09. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $178.82.

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).