Delta Investment Management LLC Sells 4,949 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Delta Investment Management LLC lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,449 shares of the company’s stock after selling 4,949 shares during the quarter. Delta Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,002,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $26,000. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $33,000. Finally, Cloud Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock traded up $0.62 during mid-day trading on Thursday, reaching $201.03. The company had a trading volume of 1,610,362 shares, compared to its average volume of 16,807,072. The company has a market capitalization of $86.75 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a 52 week low of $168.48 and a 52 week high of $205.24. The stock has a 50 day simple moving average of $197.90 and a two-hundred day simple moving average of $194.92.

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). 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.