Arvest Investments Inc. Raises Stake in Invesco S&P 500 Equal Weight ETF $RSP

Arvest Investments Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,534 shares of the company’s stock after buying an additional 10,480 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 7.1% of Arvest Investments Inc.’s investment portfolio, making the stock its 2nd largest holding. Arvest Investments Inc. owned approximately 0.07% of Invesco S&P 500 Equal Weight ETF worth $50,291,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RSP. Corient Private Wealth LLC increased its position in Invesco S&P 500 Equal Weight ETF by 303.3% during the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after acquiring an additional 763,825 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after purchasing an additional 635,369 shares during the period. Endurance Services Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $96,962,000. Schusterman Interests LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 420.8% during the 3rd quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock worth $118,562,000 after purchasing an additional 505,000 shares during the period. Finally, Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $83,931,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $193.09 on Friday. The company has a 50-day simple moving average of $198.20 and a 200-day simple moving average of $193.53. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24. The firm has a market capitalization of $80.07 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.