New Insight Wealth Advisors Sells 8,467 Shares of Invesco S&P 500 Equal Weight ETF $RSP

New Insight Wealth Advisors decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,250 shares of the company’s stock after selling 8,467 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 3.9% of New Insight Wealth Advisors’ holdings, making the stock its 7th biggest holding. New Insight Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $10,481,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $29,000. Tompkins Financial Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $32,000. GoalVest Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $34,000. Howe & Rusling Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 51.9% during the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after purchasing an additional 98 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its stake in Invesco S&P 500 Equal Weight ETF by 30.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after purchasing an additional 72 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $199.05 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $200.10. The stock has a market capitalization of $80.05 billion, a PE ratio of 20.10 and a beta of 0.99. The stock has a 50-day simple moving average of $191.98 and a 200-day simple moving average of $188.86.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.