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

SevenBridge Financial Group LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 78.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,971 shares of the company’s stock after selling 39,389 shares during the period. SevenBridge Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley raised its position in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. 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. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $287,168,000. Finally, State of Wisconsin Investment Board grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $213.05 on Tuesday. The company has a 50 day moving average price of $206.45 and a 200-day moving average price of $200.37. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $214.30. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.