McAdam LLC Sells 17,652 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

McAdam LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,222 shares of the company’s stock after selling 17,652 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.6% of McAdam LLC’s portfolio, making the stock its 8th largest holding. McAdam LLC owned about 0.08% of Invesco S&P 500 Equal Weight ETF worth $46,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Monte Financial Group LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Monte Financial Group LLC now owns 5,405 shares of the company’s stock valued at $968,000 after acquiring an additional 136 shares during the period. Courier Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 14.7% during the 3rd quarter. Courier Capital LLC now owns 193,907 shares of the company’s stock worth $34,740,000 after purchasing an additional 24,799 shares in the last quarter. Guidance Capital Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 9.9% during the 3rd quarter. Guidance Capital Inc. now owns 32,084 shares of the company’s stock worth $5,835,000 after purchasing an additional 2,897 shares in the last quarter. Litman Gregory Wealth Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 20.6% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 9,042 shares of the company’s stock worth $1,620,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.4% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 12,742 shares of the company’s stock worth $2,283,000 after purchasing an additional 536 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $178.92 on Thursday. The firm has a market capitalization of $59.93 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $182.22. The company’s fifty day moving average is $176.18 and its two-hundred day moving average is $169.10.

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).