SimpliFi Inc. decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,580 shares of the company’s stock after selling 5,776 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 13.9% of SimpliFi Inc.’s investment portfolio, making the stock its 2nd biggest holding. SimpliFi Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $34,028,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of RSP. D.A. Davidson & CO. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $74,000,000. BOKF NA purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $9,485,000. Redmond Asset Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $678,000. Beacon Advisors Holdings LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $219,000. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.9% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 17,607 shares of the company’s stock worth $3,663,000 after purchasing an additional 327 shares during the period. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 1.2%
Invesco S&P 500 Equal Weight ETF stock opened at $220.04 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The business’s 50 day simple moving average is $215.09 and its 200 day simple moving average is $207.64. The company has a market cap of $101.00 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.
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). 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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