Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Sage Rhino Capital LLC’s Largest Position

Sage Rhino Capital LLC reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,571 shares of the company’s stock after selling 2,470 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 4.3% of Sage Rhino Capital LLC’s investment portfolio, making the stock its largest position. Sage Rhino Capital LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $38,000. Core Wealth Advisors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $38,000. SOA Wealth Advisors LLC. lifted its stake in Invesco S&P 500 Equal Weight ETF by 51.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock worth $48,000 after acquiring an additional 103 shares during the period. CVA Family Office LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $76,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $90,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock traded down $2.36 during trading hours on Tuesday, reaching $161.20. The stock had a trading volume of 4,913,774 shares, compared to its average volume of 6,541,681. The company has a market cap of $54.73 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93. The business’s 50 day moving average price is $164.18 and its 200-day moving average price is $155.38. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80.

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).