Advisory Services Network LLC Cuts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Advisory Services Network LLC lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,045 shares of the company’s stock after selling 12,700 shares during the period. Advisory Services Network LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RSP. Morgan Stanley grew its position in shares of Invesco S&P 500 Equal Weight ETF by 12.8% in the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after buying an additional 2,153,993 shares during the last quarter. Chai Trust Co. LLC grew its position in Invesco S&P 500 Equal Weight ETF by 926.0% during the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after purchasing an additional 1,539,527 shares during the last quarter. Ameriprise Financial Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 53.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,120,094 shares of the company’s stock worth $449,410,000 after purchasing an additional 1,082,620 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $165,805,000. Finally, UBS Group AG grew its position in Invesco S&P 500 Equal Weight ETF by 17.4% during the 3rd quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after purchasing an additional 880,506 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded up $1.09 during trading hours on Friday, hitting $165.94. 3,249,061 shares of the company were exchanged, compared to its average volume of 6,224,576. The company’s 50 day moving average price is $164.86 and its 200-day moving average price is $158.57. The stock has a market capitalization of $55.58 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $169.80.

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).