Invesco S&P 500 Equal Weight ETF $RSP Position Trimmed by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 599,980 shares of the company’s stock after selling 20,534 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.5% of Valeo Financial Advisors LLC’s portfolio, making the stock its 9th largest holding. Valeo Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $114,932,000 as of its most recent filing with the SEC.

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

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $204.10 on Monday. The firm’s 50 day moving average price is $197.95 and its 200-day moving average price is $195.42. The company has a market cap of $88.05 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $172.10 and a 52-week high of $205.53.

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.