Janney Montgomery Scott LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 695,867 shares of the company’s stock after selling 38,302 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $133,300,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of RSP. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $327,184,000. BW Gestao de Investimentos Ltda. purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $287,168,000. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after acquiring an additional 959,176 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock worth $186,343,000 after buying an additional 955,677 shares in the last quarter. Finally, MKP Capital Management L.L.C. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $99,994,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Down 1.3%
Shares of NYSEARCA:RSP opened at $206.53 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $210.95. The stock has a market capitalization of $89.10 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm has a fifty day simple moving average of $202.66 and a two-hundred day simple moving average of $198.48.
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.
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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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