Arizona State Retirement System Takes $4.65 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Arizona State Retirement System bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,261 shares of the company’s stock, valued at approximately $4,647,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after purchasing an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.8% during the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock worth $335,472,000 after purchasing an additional 214,432 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock worth $333,186,000 after purchasing an additional 54,925 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.2% during the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after purchasing an additional 150,899 shares during the last quarter. Finally, Trust Co of Tennessee raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.5% during the third quarter. Trust Co of Tennessee now owns 778,774 shares of the company’s stock worth $147,731,000 after purchasing an additional 61,157 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $201.79 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $165.39 and a 12 month high of $205.24. The business has a 50 day simple moving average of $198.00 and a 200-day simple moving average of $194.77. The stock has a market capitalization of $87.61 billion, a PE ratio of 20.10 and a beta of 0.94.

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.