MJP Associates Inc. ADV Sells 3,401 Shares of Invesco S&P 500 Equal Weight ETF $RSP

MJP Associates Inc. ADV decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 24.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,269 shares of the company’s stock after selling 3,401 shares during the quarter. MJP Associates Inc. ADV’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,967,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after acquiring an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. grew its holdings in Invesco S&P 500 Equal Weight ETF by 13.8% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock worth $335,472,000 after acquiring an additional 214,432 shares during the last quarter. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $327,184,000. HighTower Advisors LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 1,409,611 shares of the company’s stock worth $270,025,000 after acquiring an additional 55,250 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in Invesco S&P 500 Equal Weight ETF by 13.2% during the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after acquiring an additional 150,899 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 1.1%

Shares of NYSEARCA:RSP opened at $203.83 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $173.00 and a 12 month high of $205.53. The company’s 50-day moving average price is $198.11 and its two-hundred day moving average price is $196.24. The firm has a market cap of $87.93 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.