Perigon Wealth Management LLC Has $9.67 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Perigon Wealth Management LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,470 shares of the company’s stock after selling 10,137 shares during the period. Perigon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,668,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $83,931,000. Bison Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $11,553,000. Finally, Rhumbline Advisers raised its position in shares of Invesco S&P 500 Equal Weight ETF by 46.5% in the 2nd quarter. Rhumbline Advisers now owns 22,322 shares of the company’s stock valued at $4,057,000 after acquiring an additional 7,086 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $193.09 on Friday. The company’s 50 day simple moving average is $198.31 and its 200 day simple moving average is $193.50. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24. The firm has a market capitalization of $80.07 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.