Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Summit Financial LLC

Summit Financial LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,766 shares of the company’s stock after selling 25,558 shares during the period. Summit Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,072,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. NBZ Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $33,000. Finally, Goodman Advisory Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.9%

Shares of NYSEARCA RSP opened at $211.65 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $175.98 and a 12-month high of $212.12. The company has a market cap of $91.31 billion, a P/E ratio of 20.10 and a beta of 0.91. The stock has a fifty day moving average price of $203.40 and a 200 day moving average price of $198.74.

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). 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.