Mendota Financial Group LLC Cuts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Mendota Financial Group LLC cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.3% in the second quarter, HoldingsChannel.com reports. The firm owned 32,260 shares of the company’s stock after selling 8,745 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.3% of Mendota Financial Group LLC’s investment portfolio, making the stock its 11th biggest holding. Mendota Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,864,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Banta Asset Management LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,654,000. Allen Investment Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after buying an additional 35,220 shares during the last quarter. Vise Technologies Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after buying an additional 2,983 shares during the last quarter. Financial Guidance Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% during the fourth quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after buying an additional 4,197 shares during the last quarter. Finally, Meritage Portfolio Management increased its position in shares of Invesco S&P 500 Equal Weight ETF by 223.7% in the 4th quarter. Meritage Portfolio Management now owns 5,428 shares of the company’s stock valued at $1,040,000 after acquiring an additional 3,751 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $220.22 on Tuesday. The business has a fifty day moving average of $213.08 and a 200 day moving average of $204.67. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $221.09. The firm has a market capitalization of $99.52 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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). 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.