Sigma Investment Counselors Inc. Takes Position in Invesco S&P 500 Equal Weight ETF $RSP

Sigma Investment Counselors Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 108,855 shares of the company’s stock, valued at approximately $20,852,000. Invesco S&P 500 Equal Weight ETF makes up approximately 1.1% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $26,000. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $28,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $33,000. Finally, Cloud Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $35,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $204.85 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $169.96 and a one year high of $205.51. The stock has a 50-day moving average of $197.95 and a 200 day moving average of $195.31. The company has a market capitalization of $88.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

Invesco S&P 500 Equal Weight ETF 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.