Phoenix Financial Ltd. Sells 142,890 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Phoenix Financial Ltd. lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,625,542 shares of the company’s stock after selling 142,890 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 3.3% of Phoenix Financial Ltd.’s holdings, making the stock its 7th biggest position. Phoenix Financial Ltd. owned approximately 0.39% of Invesco S&P 500 Equal Weight ETF worth $311,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Point Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after purchasing an additional 52 shares during the period. Drucker Wealth 3.0 LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after buying an additional 55 shares during the period. Strategies Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.5% in the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after buying an additional 55 shares during the last quarter. Battery Global Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after buying an additional 55 shares during the last quarter. Finally, HORAN Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% during the fourth quarter. HORAN Wealth LLC now owns 4,770 shares of the company’s stock worth $914,000 after acquiring an additional 56 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Shares of RSP stock opened at $203.66 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $173.00 and a twelve month high of $205.53. The stock has a market cap of $87.86 billion, a P/E ratio of 20.10 and a beta of 0.92. The stock has a 50 day moving average of $197.92 and a 200 day moving average of $195.88.

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.