SummitTX Capital L.P. Sells 65,120 Shares of Invesco S&P 500 Equal Weight ETF $RSP

SummitTX Capital L.P. trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 234,322 shares of the company’s stock after selling 65,120 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.4% of SummitTX Capital L.P.’s investment portfolio, making the stock its 3rd largest holding. SummitTX Capital L.P.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $44,971,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $29,000. Hurley Capital LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $40,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $42,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $213.57 on Monday. The stock has a market capitalization of $95.89 billion, a PE ratio of 20.10 and a beta of 0.91. The company’s 50-day moving average is $210.53 and its 200-day moving average is $203.11. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37.

Invesco S&P 500 Equal Weight ETF Company 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.