Bank of Montreal Can Has $35.73 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Bank of Montreal Can lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,711 shares of the company’s stock after buying an additional 36,648 shares during the period. Bank of Montreal Can owned about 0.06% of Invesco S&P 500 Equal Weight ETF worth $35,734,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RSP. Tidal Investments LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 407.8% in the 1st quarter. Tidal Investments LLC now owns 8,099 shares of the company’s stock worth $1,372,000 after buying an additional 6,504 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $43,000. Burney Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 137.5% in the 1st quarter. Burney Co. now owns 4,862 shares of the company’s stock worth $824,000 after buying an additional 2,815 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 122.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,190 shares of the company’s stock worth $998,000 after buying an additional 3,405 shares in the last quarter. Finally, Cypress Asset Management Inc. TX acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $420,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $187.05 on Friday. The firm has a market cap of $62.65 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $146.09 and a one year high of $188.09. The stock’s 50 day simple moving average is $180.49 and its 200 day simple moving average is $172.51.

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).