Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is WFA Asset Management Corp’s 4th Largest Position

WFA Asset Management Corp cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.0% during the first quarter, HoldingsChannel.com reports. The firm owned 110,125 shares of the company’s stock after selling 32,822 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 9.8% of WFA Asset Management Corp’s portfolio, making the stock its 4th biggest position. WFA Asset Management Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,652,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $860,010,000. Balyasny Asset Management L.P. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $671,392,000. Morgan Stanley raised its position in Invesco S&P 500 Equal Weight ETF by 12.8% during the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after acquiring an additional 2,153,993 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $284,337,000. Finally, Chai Trust Co. LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 926.0% in the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after purchasing an additional 1,539,527 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.0 %

Shares of NYSEARCA RSP traded up $0.03 during midday trading on Wednesday, reaching $163.71. 1,693,349 shares of the stock were exchanged, compared to its average volume of 6,015,245. The firm has a 50-day simple moving average of $164.77 and a two-hundred day simple moving average of $162.18. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $169.80. The firm has a market cap of $54.83 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).