Howard Financial Services LTD. decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 187,403 shares of the company’s stock after selling 4,908 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 4.0% of Howard Financial Services LTD.’s holdings, making the stock its 6th biggest position. Howard Financial Services LTD.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $39,874,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $29,000. Brandywine Financial Group lifted its stake in shares of 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 purchasing an additional 121 shares during the period. Hurley Capital LLC boosted its holdings 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 worth $34,000 after purchasing an additional 118 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $36,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Up 1.4%
Shares of NYSEARCA:RSP opened at $220.23 on Wednesday. The company has a market cap of $99.52 billion, a P/E ratio of 20.10 and a beta of 0.91. The business has a fifty day simple moving average of $212.18 and a 200-day simple moving average of $204.07. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $220.45.
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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