Graham Capital Management L.P. lessened its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 9.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,800 shares of the company’s stock after selling 6,200 shares during the period. Graham Capital Management L.P.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,264,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management increased its stake in Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $1,654,000. Allen Investment Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Empirical Asset Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 417.0% during the third 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 during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $777,000. 61.18% of the stock is owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
RSP opened at $212.17 on Wednesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $175.98 and a fifty-two week high of $214.30. The firm has a market capitalization of $91.53 billion, a PE ratio of 20.10 and a beta of 0.91. The company’s 50-day moving average is $204.17 and its 200 day moving average is $199.14.
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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