Tradition Wealth Management LLC Decreases Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Tradition Wealth Management LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 90,673 shares of the company’s stock after selling 2,572 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.2% of Tradition Wealth Management LLC’s portfolio, making the stock its 20th largest position. Tradition Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,369,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RSP. Brighton Jones LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $83,931,000. Bison Wealth LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after buying an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $279,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $207.83 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $175.98 and a 52-week high of $210.95. The company has a 50-day simple moving average of $201.54 and a 200 day simple moving average of $197.88. The company has a market capitalization of $89.66 billion, a PE ratio of 20.10 and a beta of 0.91.

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.