Berkshire Money Management Inc. Reduces Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Berkshire Money Management Inc. lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.5% in the second quarter, Holdings Channel.com reports. The fund owned 247,987 shares of the company’s stock after selling 59,889 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 4.7% of Berkshire Money Management Inc.’s holdings, making the stock its 7th biggest position. Berkshire Money Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $45,069,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Bison Wealth LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after buying an additional 4,295 shares during the period. Rhumbline Advisers grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.1% during the first quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock valued at $2,639,000 after buying an additional 873 shares in the last quarter. Finally, LexAurum Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 20.6% during the first quarter. LexAurum Advisors LLC now owns 16,729 shares of the company’s stock valued at $2,898,000 after buying an additional 2,856 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $191.25 on Monday. The company has a market capitalization of $75.17 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. The business’s 50-day moving average is $187.22 and its 200-day moving average is $179.19. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.30.

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).