Cowa LLC Purchases 18,511 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Cowa LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 193.1% in the second quarter, Holdings Channel reports. The fund owned 28,097 shares of the company’s stock after acquiring an additional 18,511 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 2.4% of Cowa LLC’s investment portfolio, making the stock its 12th biggest holding. Cowa LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $4,965,000. Great Lakes Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $200,000. TrinityPoint Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF by 3.9% in the 4th quarter. TrinityPoint Wealth LLC now owns 5,647 shares of the company’s stock worth $891,000 after purchasing an additional 210 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $929,000. Finally, Corient Private Wealth LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 27.2% during the 4th quarter. Corient Private Wealth LLC now owns 107,526 shares of the company’s stock worth $16,968,000 after purchasing an additional 23,017 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $178.09 on Friday. The company has a 50-day simple moving average of $170.98 and a 200-day simple moving average of $166.95. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $178.82. The firm has a market capitalization of $59.65 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).