RFP Financial Group LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,290 shares of the company’s stock after selling 98,292 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 14.0% of RFP Financial Group LLC’s investment portfolio, making the stock its biggest holding. RFP Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $42,865,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Keystone Wealth Services LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $264,000. Retirement Planning Group LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 37.5% in the first quarter. Retirement Planning Group LLC now owns 3,182 shares of the company’s stock valued at $539,000 after buying an additional 868 shares in the last quarter. IMC Chicago LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $5,262,000. Parkside Investments LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 76.5% in the first quarter. Parkside Investments LLC now owns 26,322 shares of the company’s stock valued at $4,458,000 after acquiring an additional 11,405 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 106.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,534 shares of the company’s stock worth $768,000 after purchasing an additional 2,338 shares in the last quarter.
Invesco S&P 500 Equal Weight ETF Stock Performance
RSP stock traded down $1.46 during trading on Tuesday, reaching $178.86. 1,226,139 shares of the company were exchanged, compared to its average volume of 6,083,473. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $182.22. The company has a market cap of $59.91 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock’s 50 day moving average price is $175.73 and its 200 day moving average price is $168.94.
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).
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