Johnson Bixby & Associates LLC Lowers Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Johnson Bixby & Associates LLC lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,273 shares of the company’s stock after selling 2,815 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.1% of Johnson Bixby & Associates LLC’s holdings, making the stock its 20th largest position. Johnson Bixby & Associates LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Beaumont Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after acquiring an additional 58 shares in the last quarter. CPA Asset Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 4.7% in the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after purchasing an additional 62 shares during the period. Inlet Private Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after purchasing an additional 63 shares during the last quarter. Abound Wealth Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 4th quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after purchasing an additional 63 shares during the period. Finally, Avior Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.5% during the fourth quarter. Avior Wealth Management LLC now owns 4,272 shares of the company’s stock valued at $749,000 after buying an additional 64 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $182.35 on Friday. The firm has a market cap of $61.08 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $155.79 and a 52 week high of $188.16. The firm’s 50-day simple moving average is $180.36 and its two-hundred day simple moving average is $176.40.

About Invesco S&P 500 Equal Weight ETF

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).