Invesco S&P 500 Equal Weight ETF $RSP Stake Lessened by Sightline Wealth Advisors LLC

Sightline Wealth Advisors LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,530 shares of the company’s stock after selling 17,230 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 9.1% of Sightline Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Sightline Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after purchasing an additional 137,493 shares during the period. Brookstone Capital Management raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after purchasing an additional 6,481 shares during the period. CMG Global Holdings LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 13.6% in the 3rd quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after purchasing an additional 4,262 shares during the period. Sowell Financial Services LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 23.2% in the 3rd quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after purchasing an additional 3,829 shares during the period. Finally, Argent Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 5.8% in the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after purchasing an additional 3,135 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $200.64 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $157.71 and a one year high of $205.24. The stock’s fifty day moving average is $197.99 and its 200 day moving average is $194.11. The stock has a market cap of $87.89 billion, a P/E ratio of 20.10 and a beta of 0.94.

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.