Sunpointe LLC Has $3.10 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sunpointe LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,911 shares of the company’s stock after selling 409 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.6% of Sunpointe LLC’s portfolio, making the stock its 16th biggest position. Sunpointe LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,103,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RSP. Rosenberg Matthew Hamilton raised its position in Invesco S&P 500 Equal Weight ETF by 1.6% in the first quarter. Rosenberg Matthew Hamilton now owns 3,951 shares of the company’s stock worth $684,000 after purchasing an additional 61 shares in the last quarter. D L Carlson Investment Group Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 1.3% during the fourth quarter. D L Carlson Investment Group Inc. now owns 4,771 shares of the company’s stock valued at $836,000 after purchasing an additional 63 shares in the last quarter. RWA Wealth Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.0% in the 4th quarter. RWA Wealth Partners LLC now owns 6,360 shares of the company’s stock valued at $1,114,000 after purchasing an additional 64 shares during the period. Live Oak Private Wealth LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.0% in the 1st quarter. Live Oak Private Wealth LLC now owns 3,428 shares of the company’s stock worth $594,000 after buying an additional 67 shares in the last quarter. Finally, Novem Group raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.6% in the 1st quarter. Novem Group now owns 1,291 shares of the company’s stock worth $224,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $187.73 on Monday. The stock’s fifty day simple moving average is $180.54 and its 200 day simple moving average is $176.19. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The firm has a market cap of $75.35 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

Invesco S&P 500 Equal Weight ETF Company 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).