BigSur Wealth Management LLC Has $2.74 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

BigSur Wealth Management LLC lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund owned 15,650 shares of the company’s stock after selling 1,700 shares during the quarter. BigSur Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $222,000. Riversedge Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 6.7% during the 3rd quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock worth $22,471,000 after purchasing an additional 7,883 shares during the last quarter. Blue Trust Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after purchasing an additional 173 shares during the period. Brightwater Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $3,227,000. Finally, Montis Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after purchasing an additional 21,202 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $180.04 on Monday. The firm has a 50 day simple moving average of $180.54 and a 200 day simple moving average of $176.12. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $153.16 and a fifty-two week high of $188.16. The company has a market cap of $60.30 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).