Cowa LLC Trims Position in Invesco S&P 500 Equal Weight ETF $RSP

Cowa LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 57.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,754 shares of the company’s stock after selling 24,277 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.2% of Cowa LLC’s investment portfolio, making the stock its 24th largest position. Cowa LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RSP. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $83,931,000. Bison Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. AE Wealth Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 12.7% in the 1st quarter. AE Wealth Management LLC now owns 9,347 shares of the company’s stock valued at $1,619,000 after buying an additional 1,051 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 121.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 239,657 shares of the company’s stock worth $41,516,000 after buying an additional 131,417 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $185.76 on Friday. The stock has a market capitalization of $71.85 billion, a PE ratio of 20.10 and a beta of 0.99. The company has a fifty day moving average of $188.43 and a 200-day moving average of $184.38. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.33.

About Invesco S&P 500 Equal Weight ETF

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).