Avidian Wealth Enterprises LLC Sells 926 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Avidian Wealth Enterprises LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,219 shares of the company’s stock after selling 926 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,675,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 219.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after buying an additional 6,254,609 shares during the last quarter. Japan Science & Technology Agency bought a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $656,908,000. Phoenix Financial Ltd. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $269,253,000. Invesco Ltd. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after purchasing an additional 1,195,627 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after purchasing an additional 1,069,297 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $190.76 on Wednesday. The company has a market cap of $73.50 billion, a P/E ratio of 20.10 and a beta of 1.05. The firm’s fifty day moving average price is $188.42 and its two-hundred day moving average price is $180.56. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30.

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).