Costello Asset Management INC Acquires 6,829 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Costello Asset Management INC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 151.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,329 shares of the company’s stock after purchasing an additional 6,829 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.3% of Costello Asset Management INC’s holdings, making the stock its 26th largest holding. Costello Asset Management INC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,985,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RSP. SPX Gestao de Recursos Ltda raised its position in 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. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $83,931,000. Penserra Capital Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,274.4% in the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock valued at $87,088,000 after purchasing an additional 465,623 shares during the period. First Interstate Bank increased its position in Invesco S&P 500 Equal Weight ETF by 2,324.6% during the third quarter. First Interstate Bank now owns 379,553 shares of the company’s stock worth $68,001,000 after buying an additional 363,899 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1,116.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 386,527 shares of the company’s stock worth $64,951,000 after buying an additional 354,742 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.8 %

RSP opened at $181.24 on Friday. The stock has a market cap of $60.70 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $155.79 and a 12-month high of $188.16. The business has a 50 day moving average of $180.27 and a 200-day moving average of $177.09.

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).