Seaview Investment Managers LLC Sells 50,223 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Seaview Investment Managers LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 89.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,059 shares of the company’s stock after selling 50,223 shares during the quarter. Seaview Investment Managers LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSP. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $4,481,285,000 after buying an additional 1,103,629 shares during the period. Invesco Ltd. raised its stake in Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after acquiring an additional 1,195,627 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 11.7% during the second quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after purchasing an additional 589,365 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 6.9% during the first quarter. Cresset Asset Management LLC now owns 3,987,375 shares of the company’s stock valued at $690,733,000 after purchasing an additional 258,708 shares in the last quarter. Finally, Japan Science & Technology Agency bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $656,908,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $192.00 on Friday. The stock has a market cap of $74.27 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s fifty day moving average is $188.81 and its 200 day moving average is $185.40. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.81.

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).