Cambridge Investment Research Advisors Inc. Trims Position in Invesco S&P 500 Equal Weight ETF $RSP

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 684,869 shares of the company’s stock after selling 109,403 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $131,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WealthPlan Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $302,000. Noesis Capital Mangement Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $258,000. Hills Bank & Trust Co increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.8% during the 4th quarter. Hills Bank & Trust Co now owns 2,263 shares of the company’s stock worth $434,000 after purchasing an additional 144 shares during the last quarter. AlphaCore Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 622.2% during the 4th quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock worth $113,698,000 after purchasing an additional 511,351 shares during the last quarter. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $54,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Down 1.0%

Shares of NYSEARCA:RSP opened at $201.56 on Friday. The business has a 50-day moving average price of $197.89 and a 200 day moving average price of $195.92. The company has a market capitalization of $86.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $205.53.

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.