Invesco S&P 500 Equal Weight ETF $RSP Stake Trimmed by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 86.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,201 shares of the company’s stock after selling 516,794 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,683,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Courier Capital LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $27,828,000. Financial Planning Hawaii Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.1% during the 3rd quarter. Financial Planning Hawaii Inc. now owns 18,652 shares of the company’s stock worth $3,880,000 after acquiring an additional 200 shares during the period. Asset Allocation & Management Company LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $2,386,000. Sage Capital Advisors llc increased its holdings in Invesco S&P 500 Equal Weight ETF by 2.0% in the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after acquiring an additional 48 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 47.4% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 41,785 shares of the company’s stock worth $8,692,000 after acquiring an additional 13,446 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 Performance

NYSEARCA RSP traded up $0.11 during trading on Tuesday, hitting $213.30. 7,360,186 shares of the company’s stock traded hands, compared to its average volume of 12,005,453. The stock has a market capitalization of $97.90 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The business has a 50 day moving average of $216.30 and a 200-day moving average of $209.87.

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.