Prudential Financial Inc. Takes $904,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Prudential Financial Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 5,160 shares of the company’s stock, valued at approximately $904,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hirtle Callaghan & Co LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 328.4% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 34,099 shares of the company’s stock worth $5,975,000 after purchasing an additional 26,139 shares in the last quarter. Sheets Smith Investment Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $6,210,000. Congress Wealth Management LLC DE boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 673,041 shares of the company’s stock worth $117,937,000 after acquiring an additional 5,497 shares during the period. McCollum Christoferson Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $240,000. Finally, Meridian Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.3% during the fourth quarter. Meridian Wealth Advisors LLC now owns 3,699 shares of the company’s stock valued at $648,000 after purchasing an additional 700 shares during the period.

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

NYSEARCA RSP opened at $155.87 on Tuesday. The company’s fifty day simple moving average is $176.56 and its 200-day simple moving average is $178.81. The stock has a market cap of $65.12 billion, a P/E ratio of 21.02 and a beta of 1.01. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $188.16.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

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

Invesco S&P 500 Equal Weight ETF 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).