Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,379 shares of the company’s stock after selling 1,618 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,886,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RSP. Goldman Sachs Group Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 219.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after purchasing an additional 6,254,609 shares in the last quarter. Japan Science & Technology Agency bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $656,908,000. Phoenix Financial Ltd. bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $269,253,000. Invesco Ltd. boosted its stake in Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after purchasing an additional 1,195,627 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock valued at $876,058,000 after purchasing an additional 1,069,297 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $187.52 on Friday. The stock has a fifty day moving average price of $188.93 and a two-hundred day moving average price of $182.06. The firm has a market cap of $72.45 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.33.

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).