GM Advisory Group LLC Sells 12,161 Shares of Invesco S&P 500 Equal Weight ETF $RSP

GM Advisory Group LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 46.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,996 shares of the company’s stock after selling 12,161 shares during the period. GM Advisory Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.3% in the 3rd quarter. Advisory Services Network LLC now owns 136,641 shares of the company’s stock valued at $25,921,000 after purchasing an additional 20,155 shares during the last quarter. San Luis Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 5.7% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 29,988 shares of the company’s stock valued at $5,689,000 after purchasing an additional 1,619 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.1% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 58,183 shares of the company’s stock valued at $11,037,000 after buying an additional 659 shares during the period. Tcfg Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $3,185,000. Finally, Keystone Financial Group lifted its position in Invesco S&P 500 Equal Weight ETF by 3.6% in the third quarter. Keystone Financial Group now owns 18,833 shares of the company’s stock worth $3,573,000 after buying an additional 646 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 Stock Up 0.6%

NYSEARCA RSP opened at $196.05 on Wednesday. The company has a fifty day moving average of $199.85 and a two-hundred day moving average of $193.29. The firm has a market capitalization of $81.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24.

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.