Arvest Investments Inc. Sells 3,977 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Arvest Investments Inc. lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,787 shares of the company’s stock after selling 3,977 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 6.7% of Arvest Investments Inc.’s holdings, making the stock its largest holding. Arvest Investments Inc. owned approximately 0.07% of Invesco S&P 500 Equal Weight ETF worth $41,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Beta Wealth Group Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.4% during the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock worth $440,000 after purchasing an additional 150 shares during the period. Tidemark LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 31.4% during the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after purchasing an additional 103 shares during the period. Ceera Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $267,000. Sandy Cove Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $222,000. Finally, Permanent Capital Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $25,956,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7 %

Shares of NYSEARCA RSP opened at $175.37 on Thursday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $158.83 and a twelve month high of $188.16. The firm has a fifty day simple moving average of $178.67 and a 200 day simple moving average of $179.07. The company has a market capitalization of $73.06 billion, a PE ratio of 20.93 and a beta of 1.07.

Invesco S&P 500 Equal Weight ETF Company 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).