Voisard Asset Management Group Inc. lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 48.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,888 shares of the company’s stock after selling 3,687 shares during the period. Voisard Asset Management Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $745,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $26,000. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $26,000. Aviso Financial Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $32,000. Finally, IMA Advisory Services Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Price Performance
RSP stock opened at $193.09 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’s fifty day simple moving average is $198.20 and its 200-day simple moving average is $193.61. The stock has a market capitalization of $85.47 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.
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.
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