Austin Wealth Management LLC Lowers Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Austin Wealth Management LLC reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,626 shares of the company’s stock after selling 134 shares during the period. Austin Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RSP. SJS Investment Consulting Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after buying an additional 88 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 105.4% in the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares in the last quarter. FPC Investment Advisory Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $28,000. Truvestments Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $29,000. Finally, Hemington Wealth Management lifted its position in Invesco S&P 500 Equal Weight ETF by 84.0% in the fourth quarter. Hemington Wealth Management now owns 184 shares of the company’s stock valued at $32,000 after acquiring an additional 84 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $171.88 on Wednesday. The stock has a market cap of $71.45 billion, a PE ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16. The firm has a fifty day moving average price of $178.99 and a 200 day moving average price of $179.17.

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).