Manchester Financial Inc. Has $16.61 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Manchester Financial Inc. lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,720 shares of the company’s stock after selling 6,181 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.1% of Manchester Financial Inc.’s investment portfolio, making the stock its 10th biggest position. Manchester Financial Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of RSP. Brighton Jones LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $83,931,000. Bison Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $11,553,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $279,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $209.75 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.98 and a 52-week high of $210.95. The business’s fifty day moving average is $203.02 and its 200-day moving average is $198.65. The firm has a market cap of $90.49 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.