Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,901 shares of the company’s stock after selling 5,047 shares during the quarter. HB Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $35,421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RSP. Janney Montgomery Scott LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 31.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 795,087 shares of the company’s stock worth $144,499,000 after acquiring an additional 191,021 shares during the period. Venture Visionary Partners LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 1.5% during the 2nd quarter. Venture Visionary Partners LLC now owns 371,603 shares of the company’s stock worth $67,535,000 after acquiring an additional 5,522 shares during the period. Smith Chas P & Associates PA Cpas lifted its position in Invesco S&P 500 Equal Weight ETF by 593.1% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 14,403 shares of the company’s stock worth $2,618,000 after acquiring an additional 12,325 shares during the period. Montis Financial LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 19.9% during the 2nd quarter. Montis Financial LLC now owns 96,749 shares of the company’s stock worth $17,583,000 after acquiring an additional 16,026 shares during the period. Finally, Covenant Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 5.5% during the 2nd quarter. Covenant Asset Management LLC now owns 6,650 shares of the company’s stock worth $1,209,000 after acquiring an additional 349 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $189.20 on Tuesday. The stock has a 50-day moving average of $186.94 and a two-hundred day moving average of $178.75. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $190.54. The stock has a market cap of $75.00 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).