Peregrine Asset Advisers Inc. Sells 634 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Peregrine Asset Advisers Inc. trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,797 shares of the company’s stock after selling 634 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,388,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after buying an additional 2,153,993 shares during the last quarter. Chai Trust Co. LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 926.0% in the 3rd quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after buying an additional 1,539,527 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 53.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,120,094 shares of the company’s stock valued at $449,410,000 after acquiring an additional 1,082,620 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $165,805,000. Finally, UBS Group AG boosted its holdings in Invesco S&P 500 Equal Weight ETF by 17.4% in the third quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after purchasing an additional 880,506 shares during the last quarter.

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

RSP traded up $1.25 during mid-day trading on Monday, reaching $164.04. 4,918,688 shares of the company traded hands, compared to its average volume of 6,581,635. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $169.80. The stock has a market capitalization of $54.94 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day moving average price is $164.30 and its 200-day moving average price is $156.13.

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).