Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Choate Investment Advisors

Choate Investment Advisors decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,643 shares of the company’s stock after selling 10,973 shares during the quarter. Choate Investment Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $9,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RSP. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $26,000. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $206.58 on Monday. The stock has a market cap of $89.12 billion, a PE ratio of 20.10 and a beta of 0.92. The business has a 50-day simple moving average of $198.46 and a 200-day simple moving average of $196.50. Invesco S&P 500 Equal Weight ETF has a 52-week low of $173.00 and a 52-week high of $206.97.

Invesco S&P 500 Equal Weight ETF 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.