Dynamic Advisor Solutions LLC Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Dynamic Advisor Solutions LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,322 shares of the company’s stock after selling 3,612 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brandywine Financial Group raised its position in Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Hurley Capital LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares in the last quarter. Asset Dedication LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth about $36,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $40,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

Shares of NYSEARCA:RSP opened at $219.73 on Thursday. The firm’s 50 day moving average price is $212.42 and its 200 day moving average price is $204.21. The stock has a market cap of $99.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $221.09.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.