Kennicott Capital Management LLC Sells 410 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kennicott Capital Management LLC trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,464 shares of the company’s stock after selling 410 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 0.9% of Kennicott Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Kennicott Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Partnership Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $25,000. Howe & Rusling Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $26,000. Fairman Group LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $27,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.5% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Creekmur Asset Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 90 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 1.1 %

Shares of NYSEARCA:RSP traded up $1.89 on Tuesday, reaching $167.74. The company had a trading volume of 4,207,507 shares, compared to its average volume of 6,336,969. The firm has a market capitalization of $56.18 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $173.08. The firm’s 50 day simple moving average is $166.17 and its 200-day simple moving average is $164.38.

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).