Invesco S&P 500 Equal Weight ETF $RSP is Vectors Research Management LLC’s Largest Position

Vectors Research Management LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 17.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 120,649 shares of the company’s stock after selling 25,359 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 7.2% of Vectors Research Management LLC’s holdings, making the stock its biggest holding. Vectors Research Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $22,887,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $32,000. GoalVest Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $34,000. Howe & Rusling Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 51.9% in the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after buying an additional 98 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% during the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $199.05 on Friday. The company’s fifty day moving average price is $191.98 and its 200-day moving average price is $188.82. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $200.10. The firm has a market capitalization of $80.05 billion, a PE ratio of 20.10 and a beta of 0.99.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.