Wakefield Asset Management LLLP trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 10.3% during the fourth quarter, Holdings Channel reports. The fund owned 23,678 shares of the company’s stock after selling 2,729 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 1.2% of Wakefield Asset Management LLLP’s portfolio, making the stock its 16th largest position. Wakefield Asset Management LLLP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,536,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management lifted 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 valued at $51,697,000 after buying an additional 6,481 shares in the last quarter. Argent Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after buying an additional 3,135 shares in the last quarter. Roman Butler Fullerton & Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after buying an additional 4,358 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $4,966,000. Finally, Empirical Asset Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 417.0% during the 3rd quarter. Empirical Asset Management LLC now owns 11,544 shares of the company’s stock valued at $2,190,000 after buying an additional 9,311 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Trading Down 1.0%
Shares of RSP stock opened at $201.56 on Friday. The stock has a market capitalization of $86.95 billion, a P/E ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average is $197.89 and its 200 day moving average is $195.92. Invesco S&P 500 Equal Weight ETF has a 12 month low of $173.00 and a 12 month high of $205.53.
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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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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