First Manhattan CO. LLC. Lowers Position in Invesco S&P 500 Equal Weight ETF $RSP

First Manhattan CO. LLC. cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 380,152 shares of the company’s stock after selling 114,787 shares during the quarter. First Manhattan CO. LLC.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $72,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Brighton Jones LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $279,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 1.5%

Shares of RSP opened at $208.99 on Thursday. The company has a market capitalization of $90.16 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock has a 50 day moving average of $204.48 and a 200 day moving average of $199.28. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month 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.