Invesco S&P 500 Equal Weight ETF $RSP Position Cut by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 221,822 shares of the company’s stock after selling 49,633 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.2% of Sigma Investment Counselors Inc.’s investment portfolio, making the stock its 7th biggest holding. Sigma Investment Counselors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $46,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $400,736,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the period. Trust Co of Tennessee grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after purchasing an additional 12,435 shares during the period. Finally, First Interstate Bank grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the 1st quarter. First Interstate Bank now owns 761,230 shares of the company’s stock worth $146,095,000 after purchasing an additional 4,860 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1%

Shares of RSP opened at $217.52 on Wednesday. The company has a 50-day simple moving average of $215.18 and a 200-day simple moving average of $207.43. The company has a market capitalization of $99.79 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43.

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.