Madison Park Capital Advisors LLC Decreases Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Madison Park Capital Advisors LLC cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,694 shares of the company’s stock after selling 129 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.9% of Madison Park Capital Advisors LLC’s portfolio, making the stock its 25th biggest position. Madison Park Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. GHP Investment Advisors Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $29,000. Richardson Financial Services Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $182.13 on Wednesday. The stock has a market cap of $61.00 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock’s 50 day moving average price is $180.41 and its 200-day moving average price is $176.37. Invesco S&P 500 Equal Weight ETF has a one year low of $155.79 and a one year high of $188.16.

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).