Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,322 shares of the company’s stock after selling 65,120 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.4% of SummitTX Capital L.P.’s holdings, making the stock its 3rd biggest holding. SummitTX Capital L.P. owned approximately 0.05% of Invesco S&P 500 Equal Weight ETF worth $44,971,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RSP. Morgan Stanley grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares during the last quarter. Varma Mutual Pension Insurance Co bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $306,496,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $287,168,000. Finally, State of Wisconsin Investment Board raised its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after buying an additional 1,060,181 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $213.57 on Monday. The firm has a market cap of $95.89 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The company’s fifty day simple moving average is $210.53 and its 200 day simple moving average is $203.11. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $216.37.

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.