Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Nvest Financial LLC

Nvest Financial LLC lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,768 shares of the company’s stock after selling 1,153 shares during the period. Nvest Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $321,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 25.4% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after acquiring an additional 872 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its position in Invesco S&P 500 Equal Weight ETF by 2.5% in the first quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock worth $9,348,000 after acquiring an additional 1,320 shares during the period. GAMMA Investing LLC grew its position in Invesco S&P 500 Equal Weight ETF by 21.9% in the first quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after acquiring an additional 492 shares during the period. Almanack Investment Partners LLC. purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $1,545,000. Finally, Biltmore Family Office LLC grew its position in Invesco S&P 500 Equal Weight ETF by 20.7% in the first quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock worth $11,595,000 after acquiring an additional 11,477 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $188.85 on Thursday. The firm has a market capitalization of $73.19 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.30. The stock has a 50 day moving average of $187.97 and a 200 day moving average of $179.93.

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).