Ted Buchan & Co Cuts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Ted Buchan & Co decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 58.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,148 shares of the company’s stock after selling 3,010 shares during the period. Ted Buchan & Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RSP. Aviso Financial Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $28,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $32,000. IMA Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000. Finally, Cloud Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $204.97 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The business has a fifty day moving average of $198.73 and a two-hundred day moving average of $192.34. The company has a market cap of $85.00 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.