Hedge Funds Show Interest in Invesco S&P 500 Equal Weight ETF: Key Insights from Recent Filings
A review of recent hedge fund activity reveals that 15 funds held shares of Invesco Exchange-Traded Fund Trust – S&P 500 Equal Weight ETF (Symbol: RSP) as of September 30, 2024. This collective sentiment among hedge fund managers warrants a deeper examination.
It’s crucial to note that 13F filings, the reports these funds submit to the SEC, disclose only long positions. The reports do not reveal short positions, which can give a misleading impression about a fund’s actual stance on stocks. A fund may hold long positions in RSP while simultaneously betting against it elsewhere, thus distorting perceptions. Understanding both sides of the investment is vital.
Despite this limitation, examining groups of 13F filings can yield valuable insights, especially when comparing different reporting periods. Below is the recent activity for RSP among the latest 13F filings:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Peterson Wealth Advisors LLC | Existing | –467 | –$24 |
| First Financial Bankshares Inc | NEW | +1,710 | +$306 |
| Riggs Asset Management Co. Inc. | Existing | +110 | +$21 |
| Astor Investment Management LLC | Existing | –58,591 | –$9,026 |
| L. Roy Papp & Associates LLP | Existing | +1,495 | +$1,204 |
| West Bancorporation Inc. | Existing | +349 | +$109 |
| Montz Harcus Wealth Management LLC | Existing | +11 | +$45 |
| Motiv8 Investments LLC | Existing | –90 | +$6 |
| Richardson Financial Services Inc. | Existing | +83 | +$15 |
| Conscious Wealth Investments LLC | Existing | –436 | –$30 |
| Sterling Investment Advisors Ltd. | NEW | +13,271 | +$2,378 |
| J.W. Cole Advisors Inc. | Existing | +3,962 | +$1,366 |
| Ellis Investment Partners LLC | Existing | +104 | +$44 |
| Alpha Financial Partners LLC | Existing | +1,502 | +$322 |
| OMNI 360 Wealth Inc. | Existing | +1,320 | +$320 |
| Aggregate Change: | –35,667 | –$2,944 | |
From our analysis, nine funds increased their positions in RSP, while four reduced their holdings, and two funds made new investments from June 30, 2024, to September 30, 2024.
Looking at the broader picture, we aggregated the RSP share count among all funds holding RSP as of September 30, 2024 (out of 1,831 overall funds examined). The total count of shares held by these funds grew by 944,836, increasing from 22,963,403 to 23,908,239, marking an overall rise of about 4.11%. Here are the top three funds holding RSP as of September 30, 2024:
We will continue to monitor new 13F filings from hedge fund managers and provide insights based on group trends over time. While individual 13F filings may present a limited viewpoint, aggregated data across different funds offers a more comprehensive understanding of investment shifts, such as those involving Invesco Exchange-Traded Fund Trust – S&P 500 Equal Weight ETF (Symbol: RSP).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
• BankInvestor
• Institutional Holders of TWTC
• LZB Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
