Novare Capital Management LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 69.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,228 shares of the company’s stock after selling 2,771 shares during the period. Novare Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $235,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in RSP. Pacific Point Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares during the period. Drucker Wealth 3.0 LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after acquiring an additional 55 shares during the period. Strategies Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the period. Battery Global Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after acquiring an additional 55 shares during the period. Finally, HORAN Wealth LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 4th quarter. HORAN Wealth LLC now owns 4,770 shares of the company’s stock valued at $914,000 after acquiring an additional 56 shares during the period. 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 opened at $201.56 on Friday. The firm has a 50-day moving average of $197.89 and a 200-day moving average of $195.92. Invesco S&P 500 Equal Weight ETF has a one year low of $173.00 and a one year high of $205.53. The company has a market cap of $86.95 billion, a PE ratio of 20.10 and a beta of 0.92.
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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