Carnegie Investment Counsel Sells 4,872 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Carnegie Investment Counsel cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% during the 1st quarter, Holdings Channel reports. The firm owned 55,626 shares of the company’s stock after selling 4,872 shares during the quarter. Carnegie Investment Counsel’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after acquiring an additional 6,481 shares during the last quarter. Banta Asset Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,654,000. Allen Investment Management LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the 4th quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares during the period. Vise Technologies Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares during the period. Finally, Capital Investment Advisory Services LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 67.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after purchasing an additional 28,586 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $214.30 on Monday. The stock has a market capitalization of $96.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37. The business’s fifty day moving average is $208.58 and its 200-day moving average is $201.70.

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.