Roth Financial Partners LLC reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 2.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 110,735 shares of the company’s stock after selling 2,742 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 7.5% of Roth Financial Partners LLC’s portfolio, making the stock its 4th largest holding. Roth Financial Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,039,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of RSP. Charis Legacy Partners LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.5% during the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after acquiring an additional 49 shares during the period. Canvas Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.2% in the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after acquiring an additional 50 shares during the period. Ballast Rock Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after purchasing an additional 51 shares during the last quarter. Boston Standard Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.7% during the second quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock valued at $431,000 after purchasing an additional 53 shares during the last quarter. Finally, SFM LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. SFM LLC now owns 4,443 shares of the company’s stock valued at $945,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.21 on Tuesday, reaching $212.33. 11,995,815 shares of the company were exchanged, compared to its average volume of 12,119,822. The firm has a market cap of $97.37 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company’s 50-day moving average is $216.70 and its two-hundred day moving average is $209.17.
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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
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