Choate Investment Advisors Decreases Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Choate Investment Advisors lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 167,914 shares of the company’s stock after selling 30,145 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 0.7% of Choate Investment Advisors’ portfolio, making the stock its 20th largest holding. Choate Investment Advisors owned about 0.05% of Invesco S&P 500 Equal Weight ETF worth $29,424,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RSP. Keene & Associates Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 0.6% in the 4th quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock valued at $1,735,000 after buying an additional 56 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,857 shares of the company’s stock worth $501,000 after purchasing an additional 56 shares during the period. Beaumont Financial Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after buying an additional 58 shares during the period. Ingalls & Snyder LLC grew its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the fourth quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock worth $635,000 after buying an additional 58 shares in the last quarter. Finally, Boston Standard Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the 4th quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock valued at $300,000 after acquiring an additional 61 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $172.66 on Friday. The firm’s 50 day simple moving average is $178.73 and its 200 day simple moving average is $179.04. The company has a market capitalization of $71.77 billion, a P/E ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).