Daiwa Securities Group Inc. Trims Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Daiwa Securities Group Inc. lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,200 shares of the company’s stock after selling 1,200 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RSP. Vantage Financial Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.2% during the 1st quarter. Vantage Financial Partners LLC now owns 1,695 shares of the company’s stock worth $287,000 after acquiring an additional 99 shares during the last quarter. Lincoln National Corp lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 236.5% during the first quarter. Lincoln National Corp now owns 278,219 shares of the company’s stock worth $47,122,000 after purchasing an additional 195,545 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% during the first quarter. Moloney Securities Asset Management LLC now owns 23,771 shares of the company’s stock worth $4,026,000 after purchasing an additional 208 shares during the last quarter. Paces Ferry Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 10.9% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 18,567 shares of the company’s stock valued at $3,145,000 after purchasing an additional 1,829 shares during the period. Finally, Stone Point Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 45.4% in the first quarter. Stone Point Wealth LLC now owns 22,237 shares of the company’s stock worth $3,766,000 after purchasing an additional 6,945 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $167.06 on Friday. The firm has a market capitalization of $55.96 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $169.80. The company has a 50-day moving average of $165.10 and a 200 day moving average of $162.49.

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).