Invesco S&P 500 Equal Weight ETF $RSP Position Cut by Smith Moore & CO.

Smith Moore & CO. decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,923 shares of the company’s stock after selling 948 shares during the quarter. Smith Moore & CO.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,802,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $83,931,000. Bison Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. Commerce Bank raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 120.9% in the 1st quarter. Commerce Bank now owns 17,735 shares of the company’s stock worth $3,072,000 after buying an additional 9,707 shares in the last quarter. Finally, IFG Advisory LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.1% in the first quarter. IFG Advisory LLC now owns 5,396 shares of the company’s stock valued at $935,000 after buying an additional 451 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

NYSEARCA:RSP opened at $191.53 on Monday. The business’s 50-day moving average price is $188.52 and its 200 day moving average price is $185.07. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.33. The firm has a market cap of $74.09 billion, a P/E ratio of 20.10 and a beta of 0.99.

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).