Retirement Planning Group LLC trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,866 shares of the company’s stock after selling 975 shares during the quarter. Retirement Planning Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,016,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in RSP. Van ECK Associates Corp grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after buying an additional 78 shares during the last quarter. FPC Investment Advisory Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $28,000. Cambridge Financial Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $28,000. Joseph Group Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $29,000. Finally, Bridge Generations Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $29,000.
Invesco S&P 500 Equal Weight ETF Trading Down 0.2%
RSP opened at $177.64 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16. The firm’s 50 day simple moving average is $169.75 and its two-hundred day simple moving average is $175.97. The company has a market capitalization of $71.81 billion, a PE ratio of 20.59 and a beta of 0.99.
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).
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