Conservest Capital Advisors Inc. Trims Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Conservest Capital Advisors Inc. lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,132 shares of the company’s stock after selling 2,519 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of RSP. Morgan Stanley boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $306,496,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $287,168,000. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after acquiring an additional 1,060,181 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $213.45 on Wednesday. The stock has a market cap of $95.86 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $216.37. The stock has a fifty day moving average of $209.00 and a 200-day moving average of $201.98.

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.