Sequoia Financial Advisors LLC Sells 6,457 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sequoia Financial Advisors LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,212 shares of the company’s stock after selling 6,457 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $28,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $327,184,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after purchasing an additional 635,369 shares during the period. Endurance Services Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $96,962,000. Schusterman Interests LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 420.8% in the third quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock worth $118,562,000 after buying an additional 505,000 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $83,931,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8%

Invesco S&P 500 Equal Weight ETF stock opened at $204.85 on Thursday. The stock has a market cap of $88.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business has a 50-day simple moving average of $197.95 and a 200 day simple moving average of $195.31. Invesco S&P 500 Equal Weight ETF has a 52 week low of $169.96 and a 52 week high of $205.51.

Invesco S&P 500 Equal Weight ETF Company Profile

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.