Invesco S&P 500 Equal Weight ETF $RSP is Valeo Financial Advisors LLC’s 10th Largest Position

Valeo Financial Advisors LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% in the 2nd quarter, Holdings Channel reports. The fund owned 583,864 shares of the company’s stock after selling 7,790 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.5% of Valeo Financial Advisors LLC’s holdings, making the stock its 10th biggest position. Valeo Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $124,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RSP. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares during the period. Morgan Stanley lifted its position in Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after purchasing an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $306,496,000. Finally, BW Gestao de Investimentos Ltda. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $287,168,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

NYSEARCA RSP opened at $220.09 on Friday. The stock has a market capitalization of $99.46 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s 50 day moving average is $212.86 and its two-hundred day moving average is $204.46. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $221.09.

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.