National Wealth Management Group LLC Sells 380 Shares of Invesco S&P 500 Equal Weight ETF $RSP

National Wealth Management Group LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,676 shares of the company’s stock after selling 380 shares during the quarter. National Wealth Management Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Goldman Sachs Group Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 219.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after purchasing an additional 6,254,609 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $720,730,000. Phoenix Financial Ltd. bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $269,253,000. Junto Capital Management LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $241,278,000. Finally, Invesco Ltd. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 12.0% during the first quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after buying an additional 1,195,627 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $188.22 on Friday. The company’s 50-day moving average price is $185.35 and its 200-day moving average price is $177.41. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $189.99. The company has a market cap of $74.61 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).