Sequent Planning LLC Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

Sequent Planning LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 247.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,670 shares of the company’s stock after purchasing an additional 2,615 shares during the quarter. Sequent Planning LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $703,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RSP. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $26,000. Dorato Capital Management purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Aviso Financial Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $33,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $201.56 on Monday. The firm has a market capitalization of $86.95 billion, a P/E ratio of 20.10 and a beta of 0.92. The stock’s fifty day simple moving average is $197.89 and its 200 day simple moving average is $195.95. Invesco S&P 500 Equal Weight ETF has a twelve month low of $173.00 and a twelve month high of $205.53.

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.