Sand Hill Global Advisors LLC Makes New $72.60 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sand Hill Global Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 414,311 shares of the company’s stock, valued at approximately $72,600,000. Invesco S&P 500 Equal Weight ETF accounts for about 3.1% of Sand Hill Global Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Sand Hill Global Advisors LLC owned approximately 0.12% of Invesco S&P 500 Equal Weight ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Strategic Financial Concepts LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 21,084.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after purchasing an additional 8,451,521 shares during the last quarter. Invesco Ltd. lifted its stake in Invesco S&P 500 Equal Weight ETF by 30.6% during the fourth quarter. Invesco Ltd. now owns 9,993,434 shares of the company’s stock worth $1,751,149,000 after purchasing an additional 2,338,882 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Invesco S&P 500 Equal Weight ETF by 312.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,384,889 shares of the company’s stock valued at $242,674,000 after acquiring an additional 1,048,921 shares during the last quarter. SPX Gestao de Recursos Ltda raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after acquiring an additional 839,150 shares in the last quarter. Finally, Gemsstock Ltd. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $133,403,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $155.87 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $188.16. The company has a fifty day moving average of $176.56 and a 200-day moving average of $178.81. The stock has a market capitalization of $65.12 billion, a price-to-earnings ratio of 21.02 and a beta of 1.01.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

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

Invesco S&P 500 Equal Weight ETF Company 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).