Advisory Alpha LLC Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Advisory Alpha LLC lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 26.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,438 shares of the company’s stock after selling 530 shares during the quarter. Advisory Alpha LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Ironwood Wealth Management LLC. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 10.5% in the second quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock valued at $3,989,000 after acquiring an additional 2,317 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth $1,298,000. XTX Topco Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth $296,000. Thrivent Financial for Lutherans increased its stake in Invesco S&P 500 Equal Weight ETF by 24.8% during the second quarter. Thrivent Financial for Lutherans now owns 16,307 shares of the company’s stock worth $2,679,000 after acquiring an additional 3,237 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth $14,448,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5 %

RSP stock opened at $182.35 on Friday. The business has a fifty day moving average of $180.36 and a two-hundred day moving average of $176.40. The stock has a market cap of $61.08 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $155.79 and a 52-week high of $188.16.

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).