Waterloo Capital L.P. lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 31.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,407 shares of the company’s stock after selling 67,389 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.1% of Waterloo Capital L.P.’s holdings, making the stock its 10th largest position. Waterloo Capital L.P.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,153,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $29,000. Tompkins Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $32,000. GoalVest Advisory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $34,000. Cloud Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $35,000. Finally, Copia Wealth Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 335.8% during the third quarter. Copia Wealth Management now owns 231 shares of the company’s stock worth $44,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of RSP opened at $198.56 on Friday. The company has a market capitalization of $82.34 billion, a PE ratio of 20.10 and a beta of 0.99. The company’s 50 day moving average price is $195.18 and its 200 day moving average price is $190.24. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $200.95.
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). 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.
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