Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.6% during the first quarter, HoldingsChannel reports. The fund owned 342,650 shares of the company’s stock after selling 68,207 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.3% of NewEdge Advisors LLC’s holdings, making the stock its 12th biggest position. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $65,761,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Banta Asset Management LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $1,654,000. Allen Investment Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares in the last quarter. Vise Technologies Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the period. Financial Guidance Group Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 13.2% in the fourth quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after acquiring an additional 4,197 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 67.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock worth $13,586,000 after purchasing an additional 28,586 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 Stock Down 0.9%

NYSEARCA:RSP opened at $215.73 on Thursday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $218.11. The stock has a market cap of $97.76 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s fifty day simple moving average is $211.33 and its 200-day simple moving average is $203.53.

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.