Brown Advisory Inc. Reduces Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Brown Advisory Inc. lessened its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 858,865 shares of the company’s stock after selling 37,512 shares during the quarter. Brown Advisory Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $164,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. IMA Advisory Services Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd 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 Performance

NYSEARCA:RSP opened at $211.65 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.98 and a 52-week high of $212.12. The firm has a market cap of $91.31 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s fifty day moving average is $203.40 and its 200 day moving average is $198.74.

Invesco S&P 500 Equal Weight ETF Company 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.