Weil Company Inc. Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Weil Company Inc. reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,171 shares of the company’s stock after selling 2,532 shares during the quarter. Weil Company Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Berkshire Asset Management LLC PA boosted its holdings in Invesco S&P 500 Equal Weight ETF by 30.2% in the third quarter. Berkshire Asset Management LLC PA now owns 7,761 shares of the company’s stock worth $1,472,000 after acquiring an additional 1,800 shares in the last quarter. New Harbor Financial Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. New Harbor Financial Group LLC now owns 186,773 shares of the company’s stock valued at $35,431,000 after acquiring an additional 6,042 shares in the last quarter. Vista Capital Partners Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $205,000. Pacific Point Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 6.2% in the 3rd quarter. Pacific Point Advisors LLC now owns 1,253 shares of the company’s stock worth $238,000 after purchasing an additional 73 shares during the last quarter. Finally, Hi Line Capital Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 19.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 69,673 shares of the company’s stock worth $13,217,000 after purchasing an additional 11,309 shares in the last quarter. 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 stock opened at $202.87 on Friday. The company has a market capitalization of $84.13 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The company’s 50-day moving average is $196.54 and its 200 day moving average is $190.94.

Invesco S&P 500 Equal Weight ETF Profile

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.