Stone House Investment Management LLC Decreases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Stone House Investment Management LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 52.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 88,214 shares of the company’s stock after selling 99,237 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.8% of Stone House Investment Management LLC’s investment portfolio, making the stock its 7th biggest holding. Stone House Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the third quarter. Xponance Inc. now owns 3,131 shares of the company’s stock valued at $444,000 after acquiring an additional 148 shares in the last quarter. TFB Advisors LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 38.5% during the fourth quarter. TFB Advisors LLC now owns 1,965 shares of the company’s stock valued at $310,000 after buying an additional 546 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 161.7% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,493 shares of the company’s stock worth $2,195,000 after buying an additional 9,573 shares in the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the third quarter. Meridian Investment Counsel Inc. now owns 18,072 shares of the company’s stock worth $2,561,000 after buying an additional 429 shares in the last quarter. Finally, Well Done LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the fourth quarter. Well Done LLC now owns 44,525 shares of the company’s stock worth $7,026,000 after acquiring an additional 197 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.0 %

NYSEARCA RSP traded down $0.05 on Wednesday, reaching $159.64. The company had a trading volume of 6,800,072 shares, compared to its average volume of 6,634,494. The stock has a market capitalization of $54.20 billion, a PE ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $169.80. The firm’s 50 day moving average price is $163.79 and its 200 day moving average price is $154.04.

About Invesco S&P 500 Equal Weight ETF

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).