Cabot Wealth Management Inc. Cuts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Cabot Wealth Management Inc. decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,859 shares of the company’s stock after selling 1,451 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,737,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RSP. SJS Investment Consulting Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after purchasing an additional 78 shares during the last quarter. Eastern Bank purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $28,000. FPC Investment Advisory Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $28,000. Finally, Richardson Financial Services Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 1.4 %

Shares of RSP stock opened at $179.82 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $158.83 and a 12 month high of $188.16. The company has a market cap of $60.23 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm has a fifty day moving average price of $178.93 and a 200 day moving average price of $178.44.

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).