Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Summit Financial LLC

Summit Financial LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.4% in the 4th quarter, Holdings Channel reports. The fund owned 151,766 shares of the company’s stock after selling 25,558 shares during the period. Summit Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,072,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Howland Capital Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 75.9% during the fourth quarter. Howland Capital Management LLC now owns 37,994 shares of the company’s stock valued at $7,278,000 after acquiring an additional 16,400 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 93.3% during the fourth quarter. Quadrant Capital Group LLC now owns 9,104 shares of the company’s stock valued at $1,744,000 after acquiring an additional 4,395 shares in the last quarter. Laurel Oak Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $201,000. FineMark National Bank & Trust grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 350.7% during the fourth quarter. FineMark National Bank & Trust now owns 154,880 shares of the company’s stock valued at $29,669,000 after acquiring an additional 120,515 shares in the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the fourth quarter. Hollencrest Capital Management now owns 7,918 shares of the company’s stock valued at $1,517,000 after acquiring an additional 66 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $211.65 on Friday. The business has a 50-day moving average of $203.40 and a 200-day moving average of $198.74. The company has a market capitalization of $91.31 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $212.12.

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.