Waverly Advisors LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 456,889 shares of the company’s stock after selling 15,713 shares during the quarter. Waverly Advisors LLC owned 0.10% of Invesco S&P 500 Equal Weight ETF worth $97,212,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in RSP. Highland Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $26,000. Brandywine Financial Group raised its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Rogco LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $34,000. Finally, Hurley Capital LLC grew its position in 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 worth $34,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA:RSP traded down $2.27 during midday trading on Tuesday, hitting $216.73. 6,504,083 shares of the stock were exchanged, compared to its average volume of 12,670,265. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The business’s fifty day simple moving average is $217.33 and its two-hundred day simple moving average is $207.52. The company has a market capitalization of $97.94 billion, a PE ratio of 20.10 and a beta of 0.91.
About Invesco S&P 500 Equal Weight ETF
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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