Belpointe Asset Management LLC Sells 2,265 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Belpointe Asset Management LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,415 shares of the company’s stock after selling 2,265 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Luken Investment Analytics LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.9% during the 2nd quarter. Luken Investment Analytics LLC now owns 64,050 shares of the company’s stock valued at $11,640,000 after buying an additional 2,376 shares in the last quarter. Joule Financial LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the second quarter. Joule Financial LLC now owns 220,300 shares of the company’s stock worth $40,037,000 after acquiring an additional 3,093 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.4% in the second quarter. DAVENPORT & Co LLC now owns 78,972 shares of the company’s stock worth $14,352,000 after acquiring an additional 1,876 shares during the last quarter. Grimes & Company Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 10.7% during the second quarter. Grimes & Company Inc. now owns 128,502 shares of the company’s stock valued at $23,354,000 after acquiring an additional 12,375 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 26.9% in the 2nd quarter. Merit Financial Group LLC now owns 18,087 shares of the company’s stock worth $3,287,000 after purchasing an additional 3,829 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $191.19 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.30. The firm’s 50-day moving average is $187.31 and its 200 day moving average is $179.31. The stock has a market cap of $75.15 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05.

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).