Morton Capital Management LLC CA Reduces Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Morton Capital Management LLC CA reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CPA Asset Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after purchasing an additional 62 shares during the period. Inlet Private Wealth LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 2.2% in the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after acquiring an additional 63 shares in the last quarter. Abound Wealth Management lifted its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% during the fourth quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after purchasing an additional 63 shares in the last quarter. Delta Investment Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock worth $2,603,000 after purchasing an additional 65 shares during the period. Finally, Founders Financial Alliance LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the second quarter. Founders Financial Alliance LLC now owns 2,852 shares of the company’s stock worth $469,000 after purchasing an additional 67 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $179.17 on Friday. The stock 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 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 PE ratio of 20.44 and a beta of 0.90.

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).