Elevation Wealth Partners LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 68.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,374 shares of the company’s stock after selling 15,635 shares during the quarter. Elevation Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,292,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpha Financial Partners LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 42.3% in the third quarter. Alpha Financial Partners LLC now owns 5,049 shares of the company’s stock worth $905,000 after buying an additional 1,502 shares during the period. Ritholtz Wealth Management raised its position in shares of Invesco S&P 500 Equal Weight ETF by 41.6% in the 3rd quarter. Ritholtz Wealth Management now owns 3,162 shares of the company’s stock worth $566,000 after acquiring an additional 929 shares in the last quarter. Montis Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after purchasing an additional 21,202 shares during the period. InTrack Investment Management Inc bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $468,000. Finally, Carnegie Investment Counsel boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 6.2% during the third quarter. Carnegie Investment Counsel now owns 60,003 shares of the company’s stock valued at $10,750,000 after purchasing an additional 3,526 shares in the last quarter.
Invesco S&P 500 Equal Weight ETF Trading Down 0.5 %
RSP opened at $180.22 on Monday. The company has a market cap of $60.36 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock has a fifty day simple moving average of $179.62 and a two-hundred day simple moving average of $177.52. Invesco S&P 500 Equal Weight ETF has a 12-month low of $156.16 and a 12-month high of $188.16.
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).
See Also
- Five stocks we like better than Invesco S&P 500 Equal Weight ETF
- Short Selling – The Pros and Cons
- 3 Volatility ETFs to Help You Profit from Market Chaos
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Lam Research: Is a NAND Upgrade Cycle the Next Growth Catalyst?
- Insider Trading – What You Need to Know
- Chipotle’s Slip: A Short-Term Dip or Long-Term Opportunity?
Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
Receive News & Ratings for Invesco S&P 500 Equal Weight ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Equal Weight ETF and related companies with MarketBeat.com's FREE daily email newsletter.
