Summit Financial LLC Grows Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Summit Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,983 shares of the company’s stock after buying an additional 8,700 shares during the quarter. Summit Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. FMR LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.2% in the 3rd quarter. FMR LLC now owns 96,516 shares of the company’s stock valued at $17,295,000 after purchasing an additional 10,513 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 253.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,781 shares of the company’s stock valued at $13,398,000 after buying an additional 53,621 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 17.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 995 shares of the company’s stock worth $178,000 after buying an additional 145 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock worth $23,455,000 after acquiring an additional 2,206 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 1.5 %

RSP stock opened at $171.80 on Monday. The firm has a market cap of $71.57 billion, a P/E ratio of 20.93 and a beta of 1.07. The stock’s 50 day simple moving average is $178.34 and its 200 day simple moving average is $179.19. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.8308 per share. The ex-dividend date was Monday, March 24th.

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).