Choreo LLC Sells 6,262 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Choreo LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,189 shares of the company’s stock after selling 6,262 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.8% of Choreo LLC’s investment portfolio, making the stock its 24th largest position. Choreo LLC owned 0.09% of Invesco S&P 500 Equal Weight ETF worth $64,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $32,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $33,000. Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $35,000. Finally, Copia Wealth Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 335.8% during the third quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $204.73 on Friday. The stock has a 50 day moving average price of $198.48 and a 200 day moving average price of $192.14. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24. The firm has a market capitalization of $84.90 billion, a P/E 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.