Shepherd Financial Partners LLC Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Shepherd Financial Partners LLC cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 39,379 shares of the company’s stock after selling 8,907 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,470,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $32,000. IMA Advisory Services Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $33,000. GoalVest Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $34,000. Finally, Cloud Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $202.87 on Friday. The stock has a market capitalization of $84.13 billion, a PE ratio of 20.10 and a beta of 0.99. The business has a 50 day simple moving average of $196.54 and a 200-day simple moving average of $190.94. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24.

Invesco S&P 500 Equal Weight ETF 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.