Courier Capital LLC Has $26.10 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Courier Capital LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.2% during the fourth quarter, HoldingsChannel reports. The fund owned 148,922 shares of the company’s stock after selling 44,985 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 1.8% of Courier Capital LLC’s holdings, making the stock its 9th largest position. Courier Capital LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,096,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. GHP Investment Advisors Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $29,000. Richardson Financial Services Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $33,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP traded up $1.42 during trading hours on Monday, reaching $174.67. 8,178,516 shares of the company’s stock traded hands, compared to its average volume of 7,662,494. The business’s fifty day simple moving average is $180.89 and its two-hundred day simple moving average is $175.64. The firm has a market capitalization of $58.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $153.10 and a twelve month high of $188.16.

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).