Kowal Investment Group LLC Takes Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kowal Investment Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,177 shares of the company’s stock, valued at approximately $1,385,000.

Other hedge funds have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $860,010,000. Balyasny Asset Management L.P. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $671,392,000. Morgan Stanley grew its position in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after purchasing an additional 2,153,993 shares during the last quarter. Global Assets Advisory LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $284,337,000. Finally, Chai Trust Co. LLC increased its position in Invesco S&P 500 Equal Weight ETF by 926.0% during the third quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after acquiring an additional 1,539,527 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP traded down $1.26 during midday trading on Monday, reaching $163.02. The company’s stock had a trading volume of 5,188,922 shares, compared to its average volume of 6,055,531. The company has a market cap of $54.60 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The business’s 50 day moving average price is $164.71 and its two-hundred day moving average price is $162.09.

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).