Westbourne Investment Advisors Inc. Has $309,000 Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Westbourne Investment Advisors Inc. cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.6% in the first quarter, Holdings Channel reports. The firm owned 1,782 shares of the company’s stock after selling 167 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cambridge Financial Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $28,000. Joseph Group Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Bridge Generations Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Richardson Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $30,000. Finally, OLD Second National Bank of Aurora bought a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $31,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3%

RSP stock opened at $184.16 on Wednesday. The business’s 50-day moving average price is $177.61 and its two-hundred day moving average price is $175.40. The firm has a market cap of $73.92 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $188.16.

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).