QRG Capital Management Inc. Acquires 356 Shares of Invesco S&P 500 Equal Weight ETF $RSP

QRG Capital Management Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,161 shares of the company’s stock after buying an additional 356 shares during the period. QRG Capital Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $25,000. Uniplan Investment Counsel Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $26,000. Richardson Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $30,000. OLD Second National Bank of Aurora purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $31,000. Finally, Howe & Rusling Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $185.12 on Friday. The firm has a market cap of $72.28 billion, a PE ratio of 20.10 and a beta of 1.05. The firm’s 50 day simple moving average is $187.69 and its 200-day simple moving average is $179.63. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30.

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).