Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,778 shares of the company’s stock after acquiring an additional 10,037 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 2.8% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Baltimore Washington Financial Advisors Inc. owned about 0.09% of Invesco S&P 500 Equal Weight ETF worth $65,594,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Sequent Planning LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $200,000. PJT Investments Corp. lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. PJT Investments Corp. now owns 146,707 shares of the company’s stock worth $27,830,000 after acquiring an additional 544 shares during the period. Intellectus Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.7% during the 3rd quarter. Intellectus Partners LLC now owns 15,207 shares of the company’s stock valued at $2,885,000 after purchasing an additional 252 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,781 shares of the company’s stock valued at $338,000 after purchasing an additional 246 shares in the last quarter. Finally, Sunpointe LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.3% in the 3rd quarter. Sunpointe LLC now owns 22,645 shares of the company’s stock valued at $4,296,000 after purchasing an additional 2,664 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA RSP opened at $198.15 on Friday. The company has a market cap of $82.17 billion, a PE ratio of 20.10 and a beta of 0.99. The firm’s 50 day moving average price is $199.53 and its 200-day moving average price is $192.83. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24.
About Invesco S&P 500 Equal Weight ETF
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.
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