Investment Planning Advisors Inc. cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 91.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,192 shares of the company’s stock after selling 73,855 shares during the period. Investment Planning Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of RSP. Brighton Jones LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the period. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $83,931,000. Bison Wealth LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $279,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
NYSEARCA RSP opened at $213.05 on Tuesday. The business’s fifty day moving average is $206.45 and its 200-day moving average is $200.37. The stock has a market capitalization of $91.91 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $214.30.
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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