Royal Fund Management LLC Decreases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Royal Fund Management LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 70,006 shares of the company’s stock after selling 4,049 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 1.3% of Royal Fund Management LLC’s investment portfolio, making the stock its 14th largest holding. Royal Fund Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,723,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RSP. Nova Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth $26,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $29,000. Howe & Rusling Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during 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. Finally, GoalVest Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $191.55 on Friday. The business has a fifty day moving average of $188.74 and a 200 day moving average of $185.32. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.33. The firm has a market capitalization of $74.09 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

Invesco S&P 500 Equal Weight ETF Company 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).