LM Advisors LLC Sells 46,409 Shares of Invesco S&P 500 Equal Weight ETF $RSP

LM Advisors LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 80.1% in the fourth quarter, Holdings Channel reports. The fund owned 11,540 shares of the company’s stock after selling 46,409 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.3% of LM Advisors LLC’s investment portfolio, making the stock its 12th largest holding. LM Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Brighton Jones LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $83,931,000. Bison Wealth LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $11,553,000. Finally, Gamco Investors INC. ET AL bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $279,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $211.65 on Friday. The company has a 50 day simple moving average of $203.40 and a 200 day simple moving average of $198.74. The firm has a market cap of $91.31 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $175.98 and a 1 year high of $212.12.

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.