Arete Wealth Advisors LLC Trims Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Arete Wealth Advisors LLC decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,380 shares of the company’s stock after selling 13,277 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 2.2% of Arete Wealth Advisors LLC’s portfolio, making the stock its 5th largest position. Arete Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,478,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RSP. Northwestern Mutual Wealth Management Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after buying an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC increased its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after purchasing an additional 6,352,369 shares during the period. US Bancorp DE increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% during the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after buying an additional 1,990,537 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 174.6% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after acquiring an additional 1,488,000 shares during the period. Finally, Members Trust Co raised its holdings in Invesco S&P 500 Equal Weight ETF by 52,899.4% in the second quarter. Members Trust Co now owns 630,693 shares of the company’s stock worth $103,610,000 after purchasing an additional 629,503 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 0.6 %

NYSEARCA RSP opened at $183.30 on Wednesday. The stock’s fifty day moving average price is $181.61 and its 200-day moving average price is $173.51. The stock has a market cap of $61.39 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.68 and a 12 month high of $188.16.

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).