Sequoia Financial Advisors LLC Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Sequoia Financial Advisors LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,173 shares of the company’s stock after selling 7,852 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $30,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banta Asset Management LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,654,000. Allen Investment Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after acquiring an additional 35,220 shares during the period. Vise Technologies Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 144.2% in the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 20.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 257,030 shares of the company’s stock worth $49,137,000 after purchasing an additional 43,580 shares during the last quarter. Finally, Madison Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $858,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 1.0%

NYSEARCA RSP opened at $214.64 on Thursday. The company has a 50-day moving average price of $217.44 and a 200-day moving average price of $207.70. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The firm has a market capitalization of $97.00 billion, a P/E 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.