Invesco S&P 500 Equal Weight ETF $RSP Position Cut by Howard Financial Services LTD.

Howard Financial Services LTD. trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,639 shares of the company’s stock after selling 4,763 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 4.3% of Howard Financial Services LTD.’s portfolio, making the stock its 5th biggest position. Howard Financial Services LTD.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $36,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 15.1% during the 4th quarter. DAVENPORT & Co LLC now owns 90,823 shares of the company’s stock valued at $17,399,000 after buying an additional 11,886 shares during the period. Abound Wealth Management lifted its position in Invesco S&P 500 Equal Weight ETF by 15.8% in the fourth quarter. Abound Wealth Management now owns 4,661 shares of the company’s stock worth $893,000 after buying an additional 636 shares during the last quarter. Gilman Hill Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 75.7% during the fourth quarter. Gilman Hill Asset Management LLC now owns 7,671 shares of the company’s stock worth $1,469,000 after buying an additional 3,304 shares during the period. Focus Financial Network Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.6% during the fourth quarter. Focus Financial Network Inc. now owns 31,813 shares of the company’s stock worth $6,094,000 after buying an additional 183 shares during the period. Finally, Harbor Group Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 26.1% during the fourth quarter. Harbor Group Inc. now owns 1,425 shares of the company’s stock valued at $273,000 after acquiring an additional 295 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 Stock Up 0.1%

RSP stock opened at $191.92 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The stock has a market capitalization of $79.59 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s fifty day simple moving average is $199.38 and its two-hundred day simple moving average is $193.44.

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). 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.