Manchester Financial Inc. Trims Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Manchester Financial Inc. lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% during the fourth quarter, HoldingsChannel reports. The fund owned 86,720 shares of the company’s stock after selling 6,181 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 3.1% of Manchester Financial Inc.’s portfolio, making the stock its 10th largest holding. Manchester Financial Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $26,000. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $33,000. Finally, Goodman Advisory Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $35,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 1.6%

Shares of RSP stock opened at $209.75 on Friday. The firm has a market capitalization of $90.49 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $175.98 and a twelve month high of $210.95. The stock’s fifty day simple moving average is $203.02 and its 200 day simple moving average is $198.65.

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.