WASHINGTON TRUST Co Reduces Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

WASHINGTON TRUST Co lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,794 shares of the company’s stock after selling 5,816 shares during the quarter. WASHINGTON TRUST Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,451,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RSP. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $26,000. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $28,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $33,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

RSP opened at $208.83 on Friday. The firm has a market cap of $90.09 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52 week low of $174.27 and a 52 week high of $209.32. The business’s fifty day simple moving average is $199.81 and its 200 day simple moving average is $197.16.

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). 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.