Platform Technology Partners lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 31.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,406 shares of the company’s stock after selling 2,440 shares during the period. Platform Technology Partners’ holdings in Invesco S&P 500 Equal Weight ETF were worth $1,038,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000. Hurley Capital LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $35,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $40,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of RSP stock opened at $214.91 on Friday. The firm’s 50-day simple moving average is $207.09 and its 200-day simple moving average is $200.79. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $215.61. The firm has a market cap of $93.84 billion, a P/E ratio of 20.10 and a beta of 0.91.
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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