Provident Wealth Management LLC Sells 4,456 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Provident Wealth Management LLC decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 25.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,783 shares of the company’s stock after selling 4,456 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 0.7% of Provident Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Provident Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSP. Strategic Financial Concepts LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 21,084.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after purchasing an additional 8,451,521 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock worth $732,879,000 after purchasing an additional 354,184 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock valued at $436,792,000 after buying an additional 98,000 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 10.6% in the third quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock valued at $373,069,000 after buying an additional 198,793 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Invesco S&P 500 Equal Weight ETF by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,560,883 shares of the company’s stock worth $273,513,000 after buying an additional 7,532 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $180.15 on Wednesday. The business has a fifty day moving average price of $178.90 and a two-hundred day moving average price of $178.74. The stock has a market capitalization of $60.34 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $158.83 and a fifty-two week high of $188.16.

Invesco S&P 500 Equal Weight ETF Company Profile

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).