Hilltop Holdings Inc. Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Hilltop Holdings Inc. cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,908 shares of the company’s stock after selling 3,834 shares during the quarter. Hilltop Holdings Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 5.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after acquiring an additional 51 shares during the period. Ballast Rock Private Wealth LLC grew its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after acquiring an additional 51 shares in the last quarter. Pacific Point Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares during the period. Merkkuri Wealth Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 0.5% during the first quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock worth $2,277,000 after purchasing an additional 54 shares during the period. Finally, Jessup Wealth Management Inc increased its stake in Invesco S&P 500 Equal Weight ETF by 1.8% during the fourth quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $213.57 on Friday. The company’s 50-day simple moving average is $210.53 and its 200-day simple moving average is $203.05. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The stock has a market capitalization of $95.73 billion, a PE ratio of 20.10 and a beta of 0.91.

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.