Sandy Spring Bank Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sandy Spring Bank trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,399 shares of the company’s stock after selling 117 shares during the quarter. Sandy Spring Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $946,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after buying an additional 88 shares during the period. Van ECK Associates Corp raised its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock valued at $27,000 after purchasing an additional 78 shares in the last quarter. FPC Investment Advisory Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $28,000. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $29,000. Finally, Hemington Wealth Management raised its position in shares of Invesco S&P 500 Equal Weight ETF by 84.0% in the 4th quarter. Hemington Wealth Management now owns 184 shares of the company’s stock valued at $32,000 after purchasing an additional 84 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

Shares of RSP opened at $173.84 on Friday. The business’s 50 day moving average is $178.66 and its two-hundred day moving average is $179.03. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The firm has a market cap of $72.42 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07.

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).