Invesco S&P 500 Equal Weight ETF $RSP Position Lowered by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.4% during the second quarter, HoldingsChannel.com reports. The fund owned 81,510 shares of the company’s stock after selling 15,950 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.7% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 10th biggest position. Yelin Lapidot Holdings Management Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,814,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RSP. Nova Wealth Management Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $26,000. Howe & Rusling Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the period. GoalVest Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $34,000. Finally, Hanson & Doremus Investment Management lifted its holdings in Invesco S&P 500 Equal Weight ETF by 30.5% in the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after acquiring an additional 72 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $185.45 on Friday. The stock’s 50-day simple moving average is $188.77 and its two-hundred day simple moving average is $182.90. The stock has a market capitalization of $71.74 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.33.

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).