Elevated Capital Advisors LLC Decreases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Elevated Capital Advisors LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,402 shares of the company’s stock after selling 5,924 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 1.4% of Elevated Capital Advisors LLC’s holdings, making the stock its 16th largest holding. Elevated Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Apexium Financial LP boosted its stake in Invesco S&P 500 Equal Weight ETF by 111.6% during the fourth quarter. Apexium Financial LP now owns 14,908 shares of the company’s stock valued at $2,353,000 after buying an additional 7,864 shares during the period. Summit Trail Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 9.5% during the fourth quarter. Summit Trail Advisors LLC now owns 545,519 shares of the company’s stock valued at $86,083,000 after buying an additional 47,327 shares during the period. VitalStone Financial LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $303,000. Davis R M Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.8% in the 4th quarter. Davis R M Inc. now owns 13,334 shares of the company’s stock worth $2,104,000 after purchasing an additional 364 shares in the last quarter. Finally, Balanced Wealth Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $669,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

RSP opened at $175.87 on Monday. The stock has a 50-day moving average price of $168.24 and a 200-day moving average price of $165.77. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $175.96. The stock has a market capitalization of $58.91 billion, a P/E 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).