Hsbc Holdings PLC Cuts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Hsbc Holdings PLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 329,605 shares of the company’s stock after selling 15,253 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Invesco S&P 500 Equal Weight ETF worth $63,012,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RSP. Brookstone Capital Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after acquiring an additional 6,481 shares during the period. Banta Asset Management LP purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $1,654,000. Allen Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the period. Vise Technologies Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th 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. Finally, Capital Investment Advisory Services LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 67.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after purchasing an additional 28,586 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $213.37 on Monday. The firm has a market capitalization of $95.81 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The company has a 50-day moving average price of $209.58 and a two-hundred day moving average price of $202.41.

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.