Keebeck Wealth Management Sells 2,534 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Keebeck Wealth Management trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 33.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,056 shares of the company’s stock after selling 2,534 shares during the period. Keebeck Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RSP. Brookstone Capital Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares in the last quarter. Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $1,654,000. Allen Investment Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after purchasing an additional 35,220 shares in the last quarter. Vise Technologies Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after purchasing an additional 2,983 shares in the last quarter. Finally, Financial Guidance Group Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 13.2% during the fourth quarter. Financial Guidance Group Inc. now owns 35,947 shares of the company’s stock valued at $6,886,000 after purchasing an additional 4,197 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8%

RSP stock opened at $213.57 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $216.37. The firm has a market capitalization of $95.73 billion, a P/E ratio of 20.10 and a beta of 0.91. The company has a fifty day simple moving average of $210.53 and a two-hundred day simple moving average of $203.05.

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.