Modern Wealth Management LLC Lowers Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Modern Wealth Management LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,966 shares of the company’s stock after selling 3,624 shares during the period. Modern Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. NBZ Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $26,000. Aviso Financial Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $32,000. Finally, IMA Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $198.15 on Friday. The stock has a market capitalization of $82.17 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company has a fifty day moving average of $199.53 and a 200 day moving average of $192.88. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24.

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). 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.