Cibc World Market Inc. Reduces Position in Invesco S&P 500 Equal Weight ETF $RSP

Cibc World Market Inc. trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 294,544 shares of the company’s stock after selling 71,541 shares during the period. Cibc World Market Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $56,423,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $327,184,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $287,168,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in 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 acquiring an additional 959,176 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after acquiring an additional 955,677 shares during the period. Finally, MKP Capital Management L.L.C. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $99,994,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $210.83 on Friday. The stock has a market cap of $90.95 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm has a fifty day moving average price of $201.24 and a 200 day moving average price of $197.81. Invesco S&P 500 Equal Weight ETF has a 1-year low of $175.98 and a 1-year high of $210.95.

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.