Capital Market Strategies LLC Trims Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Capital Market Strategies LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.8% during the first quarter, HoldingsChannel reports. The firm owned 2,413 shares of the company’s stock after selling 324 shares during the period. Capital Market Strategies LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $418,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 105.4% in the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing 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 fourth quarter worth about $28,000. Cambridge Financial Group Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $28,000. Joseph Group Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $29,000. Finally, Bridge Generations Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $29,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.2%

NYSEARCA RSP opened at $176.50 on Friday. The company’s 50-day moving average price is $169.52 and its 200-day moving average price is $176.13. The stock has a market cap of $72.33 billion, a PE ratio of 20.59 and a beta of 1.00. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month 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).