Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Kaydan Wealth Management Inc.

by · The Cerbat Gem

Kaydan Wealth Management Inc. trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 96,251 shares of the company’s stock after selling 3,205 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 5.2% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. Kaydan Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,259,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Japan Science & Technology Agency acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $656,908,000. North Peak Capital Management LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 227.3% in the 2nd quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after buying an additional 2,453,262 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after buying an additional 1,102,322 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 303.3% during the 2nd quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after acquiring an additional 763,825 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0%

NYSEARCA RSP opened at $193.84 on Friday. The firm has a market capitalization of $74.98 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s 50 day simple moving average is $189.93 and its 200 day simple moving average is $187.13. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $195.46.

About Invesco S&P 500 Equal Weight ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).