Carnegie Investment Counsel Has $10.68 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Carnegie Investment Counsel trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,626 shares of the company’s stock after selling 4,872 shares during the period. Carnegie Investment Counsel’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $26,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $29,000. Hurley Capital LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. Basepoint Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $40,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $42,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $214.30 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37. The business has a 50 day moving average price of $208.58 and a 200-day moving average price of $201.70. The company has a market cap of $96.73 billion, a PE ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.