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

Regal Investment Advisors LLC lessened its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,258 shares of the company’s stock after selling 7,755 shares during the quarter. Regal Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,323,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RSP. SJS Investment Consulting Inc. increased its holdings in 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 buying an additional 88 shares during the period. Van ECK Associates Corp increased its stake in shares of 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 worth $27,000 after acquiring an additional 78 shares during the period. FPC Investment Advisory Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $28,000. Cambridge Financial Group Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $28,000. Finally, Joseph Group Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $163.56 on Wednesday. The firm has a market capitalization of $68.33 billion, a P/E ratio of 21.02 and a beta of 1.01. The stock has a 50-day simple moving average of $173.28 and a two-hundred day simple moving average of $177.84. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $188.16.

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).