Brown Advisory Inc. Cuts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Brown Advisory Inc. lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 858,865 shares of the company’s stock after selling 37,512 shares during the period. Brown Advisory Inc. owned about 0.21% of Invesco S&P 500 Equal Weight ETF worth $164,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 5.5% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after purchasing an additional 51 shares during the last quarter. Pacific Point Advisors LLC lifted its position in shares of 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 valued at $250,000 after buying an additional 52 shares during the last quarter. Drucker Wealth 3.0 LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during 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 last quarter. Strategies Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after buying an additional 55 shares during the last quarter. Finally, Battery Global Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after buying an additional 55 shares during the last quarter. Hedge funds and other 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. Invesco S&P 500 Equal Weight ETF has a one year low of $175.98 and a one year high of $212.12. The business’s fifty day moving average price is $203.40 and its 200-day moving average price is $198.74. The stock has a market capitalization of $91.31 billion, a PE 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.