SteelPeak Wealth LLC Cuts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

SteelPeak Wealth LLC cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 62.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,358 shares of the company’s stock after selling 8,797 shares during the quarter. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,026,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $26,000. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $26,000. Aviso Financial Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. Tompkins Financial Corp purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $193.09 on Monday. The firm has a market cap of $85.47 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24. The stock has a fifty day moving average price of $198.20 and a 200-day moving average price of $193.61.

Invesco S&P 500 Equal Weight ETF Company 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.