Hilltop Holdings Inc. Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Hilltop Holdings Inc. reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.9% during the 1st quarter, Holdings Channel reports. The fund owned 21,908 shares of the company’s stock after selling 3,834 shares during the quarter. Hilltop Holdings Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 5.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares during the period. Ballast Rock Private Wealth LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares in the last quarter. Pacific Point Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after buying an additional 52 shares during the period. Merkkuri Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after buying an additional 54 shares during the period. Finally, Jessup Wealth Management Inc boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock valued at $588,000 after buying an additional 55 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $213.57 on Friday. The business has a 50-day simple moving average of $210.53 and a 200-day simple moving average of $203.05. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37. The company has a market cap of $95.73 billion, a PE ratio of 20.10 and a beta of 0.91.

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.