Argent Advisors Inc. Sells 52,145 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Argent Advisors Inc. reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 90.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,316 shares of the company’s stock after selling 52,145 shares during the quarter. Argent Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dorato Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $26,000. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. Finally, Goodman Advisory Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $35,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $210.83 on Friday. The company’s 50-day moving average price is $201.24 and its two-hundred day moving average price is $197.81. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $210.95. The stock has a market capitalization of $90.95 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.