Provident Wealth Management LLC reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 27.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,848 shares of the company’s stock after selling 3,016 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.6% of Provident Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Provident Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,633,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $26,000. Brandywine Financial Group grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Rogco LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $34,000. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $36,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $42,000. 61.18% of the stock is owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA RSP opened at $215.86 on Wednesday. The company has a market capitalization of $99.76 billion, a P/E ratio of 20.10 and a beta of 0.92. The company has a 50 day simple moving average of $215.58 and a 200-day simple moving average of $210.85. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43.
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). 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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