Advisory Alpha LLC Reduces Stake in Invesco S&P 500 Equal Weight ETF $RSP

Advisory Alpha LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 68.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the company’s stock after selling 9,466 shares during the period. Advisory Alpha LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $781,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $25,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $26,000. Richardson Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at approximately $30,000. Howe & Rusling Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 124 shares during the period. Finally, GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $190.46 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.33. The business has a 50 day simple moving average of $188.86 and a two-hundred day simple moving average of $181.84. The firm has a market capitalization of $73.54 billion, a PE ratio of 20.10 and a beta of 0.99.

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).