Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Hits New 1-Year Low – What’s Next?

Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)’s stock price reached a new 52-week low on Friday . The stock traded as low as $157.95 and last traded at $160.85, with a volume of 6046361 shares trading hands. The stock had previously closed at $166.53.

Invesco S&P 500 Equal Weight ETF Stock Down 5.6 %

The company has a market capitalization of $65.67 billion, a PE ratio of 21.02 and a beta of 1.01. The firm has a 50-day moving average of $177.08 and a two-hundred day moving average of $178.95.

Invesco S&P 500 Equal Weight ETF Announces Dividend

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

Institutional Trading of Invesco S&P 500 Equal Weight ETF

Large investors have recently made changes to their positions in the company. Farmers Trust Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.3% during the first quarter. Farmers Trust Co. now owns 9,516 shares of the company’s stock worth $1,648,000 after purchasing an additional 1,332 shares during the last quarter. Sage Capital Advisors llc grew its position in Invesco S&P 500 Equal Weight ETF by 74.2% during the first quarter. Sage Capital Advisors llc now owns 2,868 shares of the company’s stock worth $497,000 after buying an additional 1,222 shares during the period. Baring Financial LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 57.5% in the first quarter. Baring Financial LLC now owns 30,456 shares of the company’s stock valued at $5,276,000 after buying an additional 11,113 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at approximately $3,958,000. Finally, First Hawaiian Bank raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 485.9% during the 1st quarter. First Hawaiian Bank now owns 30,850 shares of the company’s stock worth $5,344,000 after buying an additional 25,585 shares during the last quarter.

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).