Lake Hills Wealth Management LLC Sells 785 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Lake Hills Wealth Management LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,407 shares of the company’s stock after selling 785 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 3.2% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Lake Hills Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RSP. Koshinski Asset Management Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Koshinski Asset Management Inc. now owns 39,285 shares of the company’s stock worth $7,038,000 after acquiring an additional 2,470 shares in the last quarter. Bright Financial Advisors Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.9% in the 3rd quarter. Bright Financial Advisors Inc. now owns 81,434 shares of the company’s stock worth $14,590,000 after purchasing an additional 3,070 shares during the period. Darrow Company Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 0.6% during the 3rd quarter. Darrow Company Inc. now owns 38,236 shares of the company’s stock worth $6,850,000 after purchasing an additional 211 shares in the last quarter. Concourse Financial Group Securities Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 72,021 shares of the company’s stock valued at $12,903,000 after purchasing an additional 2,921 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $163,000.

Invesco S&P 500 Equal Weight ETF Stock Up 1.0 %

Shares of NYSEARCA:RSP traded up $1.75 during mid-day trading on Friday, reaching $179.90. 4,033,865 shares of the stock were exchanged, compared to its average volume of 6,171,714. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $180.14. The stock’s 50 day simple moving average is $173.79 and its 200-day simple moving average is $168.38. The company has a market cap of $60.26 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).