Gateway Advisory LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,035 shares of the company’s stock after selling 3,539 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 0.9% of Gateway Advisory LLC’s holdings, making the stock its 22nd biggest holding. Gateway Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,105,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Highwater Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $36,000. Capital Directions Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $108,000. Proequities Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $117,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 780.7% in the third quarter. Rehmann Capital Advisory Group now owns 1,321 shares of the company’s stock valued at $141,000 after buying an additional 1,171 shares during the last quarter.

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $0.08 during trading on Wednesday, reaching $97.39. The company’s stock had a trading volume of 1,446,333 shares, compared to its average volume of 1,372,249. Invesco S&P 500 Equal Weight ETF has a one year low of $85.76 and a one year high of $108.89.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Wednesday, December 26th were issued a $0.5321 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Invesco S&P 500 Equal Weight ETF’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, December 24th.

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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).

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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP).

Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

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