Kera Capital Partners Inc. reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 151,406 shares of the company’s stock after selling 2,376 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 3.6% of Kera Capital Partners Inc.’s portfolio, making the stock its 3rd biggest holding. Kera Capital Partners Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $29,058,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Dorato Capital Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Hurley Capital LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares during the period. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $40,000. Finally, Raleigh Capital Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Down 0.8%
Shares of NYSEARCA:RSP opened at $213.37 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37. The company has a market capitalization of $95.81 billion, a PE ratio of 20.10 and a beta of 0.91. The business has a 50 day moving average of $209.58 and a two-hundred day moving average of $202.35.
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.
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