Permanent Capital Management LP Buys New Shares in Invesco S&P 500 Equal Weight ETF $RSP

Permanent Capital Management LP bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 216,711 shares of the company’s stock, valued at approximately $41,110,000. Invesco S&P 500 Equal Weight ETF comprises 7.7% of Permanent Capital Management LP’s portfolio, making the stock its 3rd largest position. Permanent Capital Management LP owned approximately 0.06% of Invesco S&P 500 Equal Weight ETF as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RSP. Nova Wealth Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $26,000. Investment Counsel Co. of Nevada purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $32,000. Finally, Howe & Rusling Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the period. 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 $193.84 on Monday. The company’s fifty day moving average price is $189.93 and its 200-day moving average price is $187.19. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $195.46. The firm has a market capitalization of $74.98 billion, a P/E ratio of 20.10 and a beta of 0.99.

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). 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.