J.W. Cole Advisors Inc. Has $7.05 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

J.W. Cole Advisors Inc. trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 33.9% during the fourth quarter, Holdings Channel reports. The firm owned 36,810 shares of the company’s stock after selling 18,849 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dorato Capital Management acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $26,000. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $33,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $35,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $207.83 on Friday. The company has a market capitalization of $89.66 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s 50-day moving average is $201.54 and its 200-day moving average is $197.88. Invesco S&P 500 Equal Weight ETF has a 1 year low of $175.98 and a 1 year high of $210.95.

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.