Madison Wealth Partners Inc Trims Position in Invesco S&P 500 Equal Weight ETF $RSP

Madison Wealth Partners Inc cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,366 shares of the company’s stock after selling 5,869 shares during the period. Madison Wealth Partners Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,135,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RSP. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $26,000. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. IMA Advisory Services Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $33,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $35,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3%

NYSEARCA RSP opened at $208.83 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $174.27 and a twelve month high of $209.32. The firm has a market capitalization of $90.09 billion, a PE ratio of 20.10 and a beta of 0.92. The stock’s 50 day moving average is $199.81 and its 200 day moving average is $197.16.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.