Summit Financial Wealth Advisors LLC Sells 78 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Summit Financial Wealth Advisors LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,707 shares of the company’s stock after selling 78 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,677,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RSP. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $860,010,000. Balyasny Asset Management L.P. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $671,392,000. Global Assets Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $284,337,000. Chai Trust Co. LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 926.0% during the third quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock worth $241,693,000 after purchasing an additional 1,539,527 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $165,805,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2 %

Shares of RSP traded up $0.31 during mid-day trading on Monday, hitting $163.99. 4,654,006 shares of the company’s stock were exchanged, compared to its average volume of 5,996,834. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The stock’s 50-day simple moving average is $164.85 and its 200-day simple moving average is $162.34. The firm has a market cap of $54.93 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).