Yelin Lapidot Holdings Management Ltd. Has $11.76 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Yelin Lapidot Holdings Management Ltd. cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 61,390 shares of the company’s stock after selling 5,400 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.4% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 12th biggest position. Yelin Lapidot Holdings Management Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after purchasing an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the last quarter. Varma Mutual Pension Insurance Co acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $327,184,000. Focus Partners Wealth raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after purchasing an additional 150,899 shares during the last quarter. Finally, Trust Co of Tennessee raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the fourth quarter. Trust Co of Tennessee now owns 797,760 shares of the company’s stock valued at $152,812,000 after purchasing an additional 18,986 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

NYSEARCA RSP opened at $203.66 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $173.00 and a 12-month high of $205.53. The company has a market capitalization of $87.86 billion, a PE ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average is $197.92 and its 200-day moving average is $195.88.

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). 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.