Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Global Wealth Management LLC

Global Wealth Management LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,096 shares of the company’s stock after selling 3,851 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 2.6% of Global Wealth Management LLC’s portfolio, making the stock its 12th biggest position. Global Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $26,000. Brandywine Financial Group grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $29,000. Rogco LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $34,000. Finally, Asset Dedication LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $36,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.4%

NYSEARCA:RSP opened at $215.00 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The business’s 50-day moving average price is $215.93 and its two-hundred day moving average price is $210.35. The firm has a market capitalization of $98.68 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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). 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.