Permanent Capital Management LP Invests $25.96 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Permanent Capital Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 148,128 shares of the company’s stock, valued at approximately $25,956,000. Invesco S&P 500 Equal Weight ETF makes up about 8.0% of Permanent Capital Management LP’s portfolio, making the stock its 4th largest holding.

Other large investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after acquiring an additional 88 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $28,000. Van ECK Associates Corp increased its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $29,000. Finally, Roxbury Financial LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $34,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9 %

Shares of RSP stock opened at $176.69 on Friday. The company has a market capitalization of $73.45 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The firm has a fifty day moving average of $179.07 and a 200-day moving average of $179.07.

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).