Centerstone Investors LLC Invests $2.50 Million in Invesco S&P 500 Equal Weight ETF $RSP

Centerstone Investors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,027 shares of the company’s stock, valued at approximately $2,495,000. Invesco S&P 500 Equal Weight ETF makes up approximately 7.8% of Centerstone Investors LLC’s portfolio, making the stock its 4th biggest position.

Several other hedge funds have also modified their holdings of RSP. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 635,369 shares in the last quarter. Endurance Services Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $96,962,000. Schusterman Interests LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 420.8% in the 3rd quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock valued at $118,562,000 after buying an additional 505,000 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $83,931,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $72,022,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $200.64 on Friday. The firm has a market capitalization of $87.89 billion, a PE ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a twelve month low of $157.71 and a twelve month high of $205.24. The firm’s 50-day moving average price is $197.99 and its 200 day moving average price is $194.11.

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.