Kiely Wealth Advisory Group Inc. Reduces Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kiely Wealth Advisory Group Inc. trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,574 shares of the company’s stock after selling 3,926 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 14.9% of Kiely Wealth Advisory Group Inc.’s portfolio, making the stock its 2nd largest holding. Kiely Wealth Advisory Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $28,000. Richardson Financial Services Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $29,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 107.5% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.3 %

RSP opened at $187.62 on Friday. The firm has a market cap of $62.84 billion, a PE ratio of 20.44 and a beta of 0.90. The business has a fifty day simple moving average of $180.69 and a 200-day simple moving average of $172.66. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $146.87 and a fifty-two week 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).