Invesco S&P 500 Equal Weight ETF $RSP Stock Position Lowered by Cercano Management LLC

Cercano Management LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,081 shares of the company’s stock after selling 160,327 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 4.5% of Cercano Management LLC’s investment portfolio, making the stock its 5th largest position. Cercano Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $118,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Drucker Wealth 3.0 LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after purchasing an additional 55 shares in the last quarter. Fusion Capital LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the second quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock valued at $466,000 after acquiring an additional 56 shares in the last quarter. Burns J W & Co. Inc. NY boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock valued at $2,519,000 after acquiring an additional 57 shares during the last quarter. Melfa Wealth Management Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 1.7% during the 3rd quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock worth $659,000 after purchasing an additional 57 shares in the last quarter. Finally, Associated Banc Corp raised its stake in Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Associated Banc Corp now owns 3,844 shares of the company’s stock valued at $729,000 after purchasing an additional 65 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

Invesco S&P 500 Equal Weight ETF stock opened at $202.52 on Wednesday. The stock has a market capitalization of $83.99 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The firm’s 50-day moving average is $197.02 and its two-hundred day moving average is $191.26.

Invesco S&P 500 Equal Weight ETF 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). 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.