Stone House Investment Management LLC Lowers Stake in Invesco S&P 500 Equal Weight ETF $RSP

Stone House Investment Management LLC reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 49.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,119 shares of the company’s stock after selling 2,054 shares during the period. Stone House Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 25.4% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock valued at $782,000 after buying an additional 872 shares during the last quarter. Almanack Investment Partners LLC. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $1,545,000. Strategic Family Wealth Counselors L.L.C. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% during the first quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock worth $9,348,000 after purchasing an additional 1,320 shares during the period. Biltmore Family Office LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.7% during the first quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock worth $11,595,000 after purchasing an additional 11,477 shares during the period. Finally, Courage Miller Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the second quarter. Courage Miller Partners LLC now owns 58,208 shares of the company’s stock worth $10,579,000 after purchasing an additional 1,816 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $187.32 on Thursday. The stock’s 50-day moving average is $188.82 and its 200 day moving average is $182.88. The company has a market cap of $72.46 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.33.

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).