Morton Capital Management LLC CA Sells 345 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Morton Capital Management LLC CA reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,752 shares of the company’s stock after selling 345 shares during the quarter. Morton Capital Management LLC CA’s holdings in Invesco S&P 500 Equal Weight ETF were worth $657,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $28,000. Richardson Financial Services Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $29,000. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 146.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the last quarter.

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

RSP stock opened at $179.17 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16. The firm has a market capitalization of $60.01 billion, a P/E ratio of 20.44 and a beta of 0.90. The company has a fifty day simple moving average of $180.70 and a two-hundred day simple moving average of $175.81.

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).