Global Trust Asset Management LLC Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Global Trust Asset Management LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,638 shares of the company’s stock after selling 135 shares during the quarter. Global Trust Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dakota Wealth Management grew its position in Invesco S&P 500 Equal Weight ETF by 12.0% in the 4th quarter. Dakota Wealth Management now owns 400,794 shares of the company’s stock valued at $70,231,000 after acquiring an additional 42,910 shares in the last quarter. Genesis Private Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $3,989,000. Simon Quick Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $518,000. Sheets Smith Wealth Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the fourth quarter. Sheets Smith Wealth Management now owns 38,163 shares of the company’s stock valued at $6,687,000 after purchasing an additional 521 shares in the last quarter. Finally, Beaumont Financial Advisors LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.2% during the 4th quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock worth $327,000 after buying an additional 58 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 1.2 %

Shares of RSP stock opened at $182.13 on Wednesday. The firm has a 50 day moving average of $180.44 and a two-hundred day moving average of $176.24. The stock has a market capitalization of $61.00 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 $155.79 and a 52 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).