Cibc World Market Inc. Lowers Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Cibc World Market Inc. lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 294,544 shares of the company’s stock after selling 71,541 shares during the period. Cibc World Market Inc. owned approximately 0.07% of Invesco S&P 500 Equal Weight ETF worth $56,423,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $26,000. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $28,000. IMA Advisory Services Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $33,000. Finally, Goodman Advisory Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $210.83 on Friday. The business has a fifty day moving average price of $201.24 and a 200 day moving average price of $197.81. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month high of $210.95. The stock has a market capitalization of $90.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.