KCM Investment Advisors LLC Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

KCM Investment Advisors LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,381 shares of the company’s stock after selling 760 shares during the period. KCM Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,118,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RSP. SJS Investment Consulting Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after acquiring an additional 88 shares in the last quarter. Van ECK Associates Corp grew its stake in Invesco S&P 500 Equal Weight ETF by 105.4% in the fourth 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. FPC Investment Advisory Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $28,000. Cambridge Financial Group Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $28,000. Finally, Joseph Group Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $29,000.

Invesco S&P 500 Equal Weight ETF Stock Down 5.6 %

RSP stock opened at $157.18 on Friday. The stock has a market capitalization of $65.67 billion, a PE ratio of 21.02 and a beta of 1.01. Invesco S&P 500 Equal Weight ETF has a 52 week low of $156.94 and a 52 week high of $188.16. The firm has a 50 day moving average of $177.08 and a 200 day moving average of $178.95.

Invesco S&P 500 Equal Weight ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.8308 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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).