Oppenheimer & Co. Inc. lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 28.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,024 shares of the company’s stock after selling 13,796 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,518,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $26,000. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $26,000. Aviso Financial Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $28,000. IMA Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $33,000. Finally, Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $35,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 0.3%
NYSEARCA:RSP opened at $202.82 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $169.48 and a twelve month high of $205.24. The stock’s 50-day simple moving average is $197.91 and its 200 day simple moving average is $195.03. The firm has a market capitalization of $87.50 billion, a PE ratio of 20.10 and a beta of 0.92.
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.
See Also
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