Verity Asset Management Inc. Cuts Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Verity Asset Management Inc. cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,665 shares of the company’s stock after selling 3,970 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 1.2% of Verity Asset Management Inc.’s portfolio, making the stock its 16th biggest position. Verity Asset Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Tidemark LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 31.4% in the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after acquiring an additional 103 shares in the last quarter. Ceera Investments LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $267,000. Permanent Capital Management LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $25,956,000. Smartleaf Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 50.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 549 shares of the company’s stock valued at $96,000 after purchasing an additional 184 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $35,717,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $180.89 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The stock has a 50-day moving average of $175.04 and a 200 day moving average of $175.10. The company has a market capitalization of $71.68 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).