SevenBridge Financial Group LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 78.2% in the first quarter, HoldingsChannel.com reports. The firm owned 10,971 shares of the company’s stock after selling 39,389 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,221,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Morgan Stanley increased its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after buying an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after buying an additional 959,176 shares in the last quarter. Invesco Ltd. grew its stake in Invesco S&P 500 Equal Weight ETF by 4.6% in the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after acquiring an additional 444,846 shares during the period. State of Wisconsin Investment Board grew its stake in Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after acquiring an additional 1,060,181 shares during the period. Finally, LPL Financial LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock valued at $1,051,080,000 after acquiring an additional 362,412 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Up 1.3%
Shares of NYSEARCA RSP opened at $213.05 on Tuesday. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company’s 50-day simple moving average is $206.45 and its 200-day simple moving average is $200.37. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $214.30.
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.
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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).
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