D.B. Root & Company LLC Acquires 1,227 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

D.B. Root & Company LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.8% in the 4th quarter, Holdings Channel reports. The fund owned 3,386 shares of the company’s stock after purchasing an additional 1,227 shares during the quarter. D.B. Root & Company LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RSP. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after acquiring an additional 18,390,083 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco S&P 500 Equal Weight ETF by 174.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock valued at $384,415,000 after purchasing an additional 1,488,000 shares during the period. SPX Gestao de Recursos Ltda raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% in the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after purchasing an additional 839,150 shares in the last quarter. Penserra Capital Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 2,274.4% in the third quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after purchasing an additional 465,623 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth $63,354,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $181.49 on Thursday. The firm has a fifty day moving average of $180.41 and a 200-day moving average of $176.37. The stock has a market cap of $60.79 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).