Oxbow Advisors LLC Lowers Position in Invesco S&P 500 Equal Weight ETF $RSP

Oxbow Advisors LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,209 shares of the company’s stock after selling 4,980 shares during the quarter. Oxbow Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RSP. Dorato Capital Management acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Hurley Capital LLC increased its position in shares of 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 valued at $34,000 after acquiring an additional 118 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $35,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $40,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $214.91 on Friday. The company’s 50 day simple moving average is $207.33 and its 200-day simple moving average is $200.89. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $215.61. The company has a market capitalization of $93.84 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.