Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,715 shares of the company’s stock after selling 3,525 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,053,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RSP. Alpha Financial Partners LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 42.3% during the 3rd quarter. Alpha Financial Partners LLC now owns 5,049 shares of the company’s stock worth $905,000 after acquiring an additional 1,502 shares during the period. Blue Trust Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 428.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 19,034 shares of the company’s stock worth $3,410,000 after acquiring an additional 15,432 shares during the period. Signaturefd LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 70.2% during the 3rd quarter. Signaturefd LLC now owns 10,021 shares of the company’s stock worth $1,795,000 after acquiring an additional 4,134 shares during the period. Finally, Eastern Bank purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $28,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $182.84 on Thursday. The firm has a market cap of $61.24 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16. The firm’s 50-day simple moving average is $179.00 and its 200-day simple moving average is $178.17.

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).