Junto Capital Management LP Lowers Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Junto Capital Management LP trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 49.3% in the 2nd quarter, Holdings Channel reports. The firm owned 258,206 shares of the company’s stock after selling 251,353 shares during the quarter. Junto Capital Management LP’s holdings in Invesco S&P 500 Equal Weight ETF were worth $54,938,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 13.5% during the second quarter. Tortoise Investment Management LLC now owns 1,294 shares of the company’s stock valued at $275,000 after buying an additional 154 shares during the period. Barbara Oil Co. bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $1,978,000. Tidal Investments LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $339,000. IPG Investment Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.5% in the 2nd quarter. IPG Investment Advisors LLC now owns 75,763 shares of the company’s stock worth $16,120,000 after acquiring an additional 2,574 shares during the last quarter. Finally, Bienville Capital Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 392.0% in the 2nd quarter. Bienville Capital Management LLC now owns 17,126 shares of the company’s stock valued at $3,644,000 after acquiring an additional 13,645 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Down 1.0%

Shares of RSP opened at $214.64 on Thursday. The company has a market cap of $97.00 billion, a PE ratio of 20.10 and a beta of 0.91. The stock has a 50-day moving average price of $217.44 and a 200-day moving average price of $207.70. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

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.