Sightline Wealth Advisors LLC Has $21.37 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Sightline Wealth Advisors LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 111,530 shares of the company’s stock after selling 17,230 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 9.1% of Sightline Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Sightline Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,365,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RSP. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after purchasing an additional 635,369 shares during the last quarter. Endurance Services Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $96,962,000. Schusterman Interests LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 420.8% during the 3rd quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock valued at $118,562,000 after purchasing an additional 505,000 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $83,931,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $72,022,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

Shares of RSP opened at $200.64 on Friday. The business’s fifty day simple moving average is $197.99 and its two-hundred day simple moving average is $194.11. Invesco S&P 500 Equal Weight ETF has a 12 month low of $157.71 and a 12 month high of $205.24. The company has a market cap of $87.89 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94.

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). 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.