Fort Point Capital Partners LLC Sells 93,697 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Fort Point Capital Partners LLC lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 83.0% during the 4th quarter, HoldingsChannel reports. The fund owned 19,209 shares of the company’s stock after selling 93,697 shares during the period. Fort Point Capital Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,833,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after acquiring an additional 52 shares in the last quarter. Drucker Wealth 3.0 LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after acquiring an additional 55 shares in the last quarter. Strategies Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.5% during the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after acquiring an additional 55 shares in the last quarter. Finally, Battery Global Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $211.65 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $212.12. The company’s 50-day simple moving average is $203.40 and its 200 day simple moving average is $198.74. The firm has a market capitalization of $91.31 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.