Redmont Wealth Advisors LLC Sells 6,997 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Redmont Wealth Advisors LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,544 shares of the company’s stock after selling 6,997 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 11.6% of Redmont Wealth Advisors LLC’s holdings, making the stock its biggest holding. Redmont Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,391,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Carret Asset Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 22.2% during the first quarter. Carret Asset Management LLC now owns 9,355 shares of the company’s stock valued at $1,585,000 after buying an additional 1,700 shares in the last quarter. Requisite Capital Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 655.8% during the 1st quarter. Requisite Capital Management LLC now owns 180,968 shares of the company’s stock valued at $30,651,000 after acquiring an additional 157,024 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.1% during the 1st quarter. West Oak Capital LLC now owns 4,190 shares of the company’s stock valued at $710,000 after acquiring an additional 125 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 43,625.9% during the 1st quarter. Quattro Financial Advisors LLC now owns 69,087 shares of the company’s stock worth $11,701,000 after purchasing an additional 68,929 shares during the period. Finally, Buffington Mohr McNeal increased its holdings in Invesco S&P 500 Equal Weight ETF by 43.2% in the 1st quarter. Buffington Mohr McNeal now owns 37,913 shares of the company’s stock valued at $6,421,000 after purchasing an additional 11,437 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0 %

Shares of RSP traded up $0.07 during midday trading on Wednesday, reaching $163.75. 2,743,812 shares of the company were exchanged, compared to its average volume of 6,023,526. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $169.80. The company has a market cap of $54.85 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock has a 50-day moving average price of $164.77 and a 200-day moving average price of $162.18.

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).