WESPAC Advisors LLC Has $1.59 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

WESPAC Advisors LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,284 shares of the company’s stock after selling 5,001 shares during the quarter. WESPAC Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RSP. NBZ Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Investment Counsel Co. of Nevada bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $29,000. Tompkins Financial Corp bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $32,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $188.46 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24. The stock has a market capitalization of $78.15 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock has a fifty day moving average of $198.88 and a 200-day moving average of $193.51.

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.