PFG Investments LLC Sells 2,193 Shares of Invesco S&P 500 Equal Weight ETF $RSP

PFG Investments LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,515 shares of the company’s stock after selling 2,193 shares during the period. PFG Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,729,000 as of its most recent filing with the SEC.

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

Invesco S&P 500 Equal Weight ETF Stock Up 0.2%

RSP opened at $190.13 on Thursday. The company has a market capitalization of $75.37 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. The firm has a 50-day moving average price of $187.07 and a 200-day moving average price of $178.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $190.54.

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).