Manchester Financial Inc. decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,462 shares of the company’s stock after selling 5,258 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 3.0% of Manchester Financial Inc.’s holdings, making the stock its 12th largest holding. Manchester Financial Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,634,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in RSP. NBZ Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $26,000. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. Aviso Financial Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $29,000. Finally, Hurley Capital LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.1%
Shares of RSP stock opened at $212.77 on Wednesday. The firm has a market cap of $91.79 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company’s 50 day moving average is $206.65 and its 200 day moving average is $200.51. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week 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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