Baker Ellis Asset Management LLC reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 95.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,086 shares of the company’s stock after selling 315,795 shares during the period. Baker Ellis Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,138,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Bank of America Corp DE increased its position in Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares during the period. Invesco Ltd. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after purchasing an additional 444,846 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after purchasing an additional 1,060,181 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $400,736,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after buying an additional 60,000 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.6%
NYSEARCA RSP traded down $1.21 on Wednesday, reaching $212.09. 8,420,719 shares of the stock traded hands, compared to its average volume of 11,987,259. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The company has a market cap of $97.35 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm’s fifty day simple moving average is $216.16 and its 200 day simple moving average is $210.02.
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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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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