360 Financial Inc. Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

360 Financial Inc. cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,843 shares of the company’s stock after selling 4,545 shares during the quarter. 360 Financial Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,199,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Beta Wealth Group Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after purchasing an additional 150 shares in the last quarter. Tidemark LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 31.4% in the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after purchasing an additional 103 shares during the period. Ceera Investments LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $267,000. Sandy Cove Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $222,000. Finally, Permanent Capital Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $25,956,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $168.91 on Friday. The stock has a market capitalization of $70.26 billion, a P/E ratio of 19.70 and a beta of 1.01. The company’s fifty day moving average price is $169.52 and its 200 day moving average price is $176.76. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $188.16.

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).