Strategic Investment Advisors MI Decreases Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Strategic Investment Advisors MI cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,158 shares of the company’s stock after selling 335 shares during the quarter. Strategic Investment Advisors MI’s holdings in Invesco S&P 500 Equal Weight ETF were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SJS Investment Consulting Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 88 shares in the last quarter. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $28,000. Richardson Financial Services Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $182.31 on Tuesday. The company has a market capitalization of $61.06 billion, a P/E ratio of 20.44 and a beta of 0.90. The company has a 50-day moving average of $180.39 and a 200-day moving average of $176.74. Invesco S&P 500 Equal Weight ETF has a 1-year low of $155.79 and a 1-year high of $188.16.

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).