Manchester Financial Inc. Cuts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Manchester Financial Inc. cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,462 shares of the company’s stock after selling 5,258 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 3.0% of Manchester Financial Inc.’s investment portfolio, making the stock its 12th largest holding. Manchester Financial Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,634,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RSP. Caliber Wealth Management LLC KS raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.9% during the 1st quarter. Caliber Wealth Management LLC KS now owns 4,879 shares of the company’s stock worth $936,000 after acquiring an additional 93 shares in the last quarter. Members Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.0% in the first quarter. Members Wealth LLC now owns 4,097 shares of the company’s stock valued at $829,000 after acquiring an additional 120 shares in the last quarter. Spinnaker Trust grew its holdings in Invesco S&P 500 Equal Weight ETF by 22.3% in the first quarter. Spinnaker Trust now owns 15,686 shares of the company’s stock worth $3,010,000 after purchasing an additional 2,864 shares during the last quarter. Forum Financial Management LP grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.1% in the first quarter. Forum Financial Management LP now owns 6,335 shares of the company’s stock worth $1,216,000 after purchasing an additional 69 shares during the last quarter. Finally, Sippican Capital Advisors increased its position in shares of Invesco S&P 500 Equal Weight ETF by 21.2% during the first quarter. Sippican Capital Advisors now owns 1,304 shares of the company’s stock worth $250,000 after purchasing an additional 228 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1%

Shares of RSP opened at $212.77 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $214.30. The stock has a fifty day moving average price of $206.65 and a 200-day moving average price of $200.51. The firm has a market cap of $91.79 billion, a PE ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.