Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Sagace Wealth Management LLC

Sagace Wealth Management LLC lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,021 shares of the company’s stock after selling 3,111 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 4.6% of Sagace Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Sagace Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $26,000. Richardson Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $31,000. Finally, Howe & Rusling Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

Shares of RSP opened at $188.47 on Wednesday. The stock has a market cap of $73.53 billion, a P/E ratio of 20.10 and a beta of 1.05. The company has a 50-day moving average of $187.85 and a two-hundred day moving average of $179.87. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month 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).