Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 315.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,102 shares of the company’s stock after purchasing an additional 54,747 shares during the quarter. Bessemer Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 2.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 2,913 shares of the company’s stock worth $460,000 after acquiring an additional 81 shares during the period. Raymond James & Associates grew its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the fourth quarter. Raymond James & Associates now owns 1,471,280 shares of the company’s stock worth $232,168,000 after acquiring an additional 12,325 shares during the period. CVA Family Office LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $76,000. Kingswood Wealth Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $347,000. Finally, ZRC Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $1,922,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded up $1.53 during midday trading on Thursday, hitting $168.68. 4,471,397 shares of the stock were exchanged, compared to its average volume of 6,154,944. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $172.38. The stock has a fifty day simple moving average of $165.81 and a 200 day simple moving average of $163.30. The firm has a market cap of $56.50 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).