Bessemer Group Inc. Grows Stake in Invesco S&P 500 Equal Weight ETF $RSP

Bessemer Group Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 36.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,929 shares of the company’s stock after buying an additional 5,912 shares during the quarter. Bessemer Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,209,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RSP. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $29,000. Hurley Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period. Basepoint Wealth LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $42,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $212.42 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The stock has a market capitalization of $95.53 billion, a P/E ratio of 20.10 and a beta of 0.91. The company’s 50-day moving average is $209.75 and its 200 day moving average is $202.54.

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.