Verus Capital Partners LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Verus Capital Partners LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 28.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,286 shares of the company’s stock after selling 507 shares during the period. Verus Capital Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $25,000. Uniplan Investment Counsel Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $26,000. Howe & Rusling Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $34,000. Finally, Hanson & Doremus Investment Management grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% during the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1%

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $0.13 on Thursday, hitting $190.06. The stock had a trading volume of 1,094,146 shares, compared to its average volume of 11,287,786. The company’s 50 day moving average price is $188.86 and its 200 day moving average price is $183.71. The stock has a market cap of $73.52 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.33.

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).