Farther Finance Advisors LLC Has $30.40 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Farther Finance Advisors LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 158,684 shares of the company’s stock after selling 3,492 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $30,397,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after buying an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.8% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock worth $335,472,000 after buying an additional 214,432 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock worth $333,186,000 after buying an additional 54,925 shares during the last quarter. Lbmc Investment Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the 3rd quarter. Lbmc Investment Advisors LLC now owns 1,336,510 shares of the company’s stock worth $253,536,000 after buying an additional 6,770 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.2% during the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after buying an additional 150,899 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $199.66 on Wednesday. The firm has a 50-day moving average of $197.96 and a 200-day moving average of $194.02. The stock has a market cap of $87.75 billion, a PE ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a 52-week low of $157.71 and a 52-week high of $205.24.

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.