IFP Advisors Inc Lowers Holdings in Invesco S&P 500 Equal Weight ETF $RSP

IFP Advisors Inc decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,117 shares of the company’s stock after selling 24,709 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 0.6% of IFP Advisors Inc’s holdings, making the stock its 20th biggest holding. IFP Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after purchasing an additional 635,369 shares during the period. Phoenix Financial Ltd. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the period. Varma Mutual Pension Insurance Co purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $327,184,000. HighTower Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 1,409,611 shares of the company’s stock valued at $270,025,000 after purchasing an additional 55,250 shares during the period. Finally, Focus Partners Wealth boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after purchasing an additional 150,899 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.6%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $201.62 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $173.00 and a 52-week high of $205.53. The company has a 50 day moving average of $198.01 and a 200 day moving average of $196.13. The company has a market capitalization of $86.98 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.