Kavar Capital Partners Group LLC Sells 183 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kavar Capital Partners Group LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 57,833 shares of the company’s stock after selling 183 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.7% of Kavar Capital Partners Group LLC’s portfolio, making the stock its 13th biggest holding. Kavar Capital Partners Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Wealth Group LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 62.3% in the 4th quarter. Cornerstone Wealth Group LLC now owns 64,779 shares of the company’s stock valued at $11,351,000 after acquiring an additional 24,871 shares in the last quarter. Apexium Financial LP raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.8% in the fourth quarter. Apexium Financial LP now owns 17,149 shares of the company’s stock valued at $3,005,000 after purchasing an additional 2,210 shares in the last quarter. Cathy Pareto & Associates Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $799,000. PFG Investments LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 13.8% in the fourth quarter. PFG Investments LLC now owns 11,082 shares of the company’s stock worth $1,942,000 after purchasing an additional 1,340 shares during the period. Finally, Peak Financial Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Peak Financial Management Inc. now owns 75,716 shares of the company’s stock worth $13,268,000 after buying an additional 3,338 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $182.19 on Monday. The firm has a fifty day moving average of $180.39 and a 200-day moving average of $176.66. The stock has a market cap of $61.02 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16.

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).