Hi Line Capital Management LLC Trims Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Hi Line Capital Management LLC reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 63,230 shares of the company’s stock after selling 6,443 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 4.0% of Hi Line Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Hi Line Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,112,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $4,776,000. Cypress Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.6% in the 4th quarter. Cypress Capital LLC now owns 2,013 shares of the company’s stock worth $386,000 after buying an additional 106 shares during the last quarter. Rathbones Group PLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 17.9% in the 4th quarter. Rathbones Group PLC now owns 1,382 shares of the company’s stock worth $265,000 after buying an additional 210 shares during the last quarter. Redmont Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the 4th quarter. Redmont Wealth Advisors LLC now owns 44,603 shares of the company’s stock worth $8,544,000 after buying an additional 128 shares during the last quarter. Finally, Investment House LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 35.9% in the 4th quarter. Investment House LLC now owns 31,091 shares of the company’s stock worth $5,956,000 after buying an additional 8,217 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $203.83 on Thursday. The firm’s 50-day moving average is $198.11 and its 200-day moving average is $196.24. Invesco S&P 500 Equal Weight ETF has a 1 year low of $173.00 and a 1 year high of $205.53. The company has a market cap of $87.93 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.