Apollon Wealth Management LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Apollon Wealth Management LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,871 shares of the company’s stock after selling 5,006 shares during the period. Apollon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $25,000. Uniplan Investment Counsel Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $26,000. Richardson Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $31,000. Finally, Howe & Rusling Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 124 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $185.12 on Friday. The company has a 50-day simple moving average of $187.69 and a 200-day simple moving average of $179.67. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30. The stock has a market capitalization of $72.28 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).