Keebeck Wealth Management Lowers Stake in Invesco S&P 500 Equal Weight ETF $RSP

Keebeck Wealth Management reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 33.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,056 shares of the company’s stock after selling 2,534 shares during the quarter. Keebeck Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7.9% in the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $306,496,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $287,168,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after acquiring an additional 1,060,181 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8%

NYSEARCA RSP opened at $213.57 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The business has a 50-day moving average price of $210.53 and a 200-day moving average price of $203.05. The firm has a market cap of $95.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.