Perigon Wealth Management LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 50,470 shares of the company’s stock after selling 10,137 shares during the period. Perigon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,668,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $26,000. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $28,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $32,000. Finally, IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. 61.18% of the stock is owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Trading Up 0.3%
Shares of NYSEARCA RSP opened at $193.09 on Friday. The firm has a market capitalization of $80.07 billion, a PE ratio of 20.10 and a beta of 0.99. The firm’s 50-day moving average is $198.31 and its 200-day moving average is $193.50. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24.
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.
Further Reading
Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
