Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Sold by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 34.4% in the second quarter, Holdings Channel.com reports. The fund owned 1,874 shares of the company’s stock after selling 984 shares during the period. Traphagen Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairman Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $27,000. Partnership Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $25,000. Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $26,000. DHJJ Financial Advisors Ltd. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 100 shares during the period. Finally, Creekmur Asset Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 86.5% during the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 90 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.3 %

NYSEARCA RSP traded down $0.49 during trading on Thursday, hitting $172.11. The stock had a trading volume of 3,789,374 shares, compared to its average volume of 6,269,368. The company has a market capitalization of $57.65 billion, a PE ratio of 20.44 and a beta of 0.90. The firm has a 50 day moving average price of $166.95 and a 200 day moving average price of $164.95. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $173.21.

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).