Manchester Financial Inc. Sells 56,372 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Manchester Financial Inc. reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 92,901 shares of the company’s stock after selling 56,372 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 3.5% of Manchester Financial Inc.’s holdings, making the stock its 9th largest position. Manchester Financial Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after acquiring an additional 589,365 shares during the period. Japan Science & Technology Agency acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after acquiring an additional 1,102,322 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 24.0% in the 2nd quarter. Cerity Partners LLC now owns 1,701,457 shares of the company’s stock valued at $309,223,000 after acquiring an additional 329,842 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.09 on Wednesday. The business has a fifty day simple moving average of $189.58 and a two-hundred day simple moving average of $186.88. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $195.46. The company has a market capitalization of $74.69 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.