Traders Buy Invesco S&P 500 Equal Weight ETF (RSP) on Weakness

Traders purchased shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) on weakness during trading on Wednesday. $37.09 million flowed into the stock on the tick-up and $16.34 million flowed out of the stock on the tick-down, for a money net flow of $20.75 million into the stock. Of all equities tracked, Invesco S&P 500 Equal Weight ETF had the 25th highest net in-flow for the day. Invesco S&P 500 Equal Weight ETF traded down ($0.41) for the day and closed at $106.63

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 25th will be paid a $0.4859 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 1.82%. This is a boost from Invesco S&P 500 Equal Weight ETF’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 24th.

A number of large investors have recently made changes to their positions in RSP. Northern Trust Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $857,000. Strategic Wealth Advisors Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $4,546,000. Chicago Partners Investment Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $918,000. WealthTrust Fairport LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $942,000. Finally, HM Payson & Co. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $2,152,000.

Invesco S&P 500 Equal Weight ETF Company Profile (NYSEARCA:RSP)

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).

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