Sage Rhino Capital LLC Has $16.66 Million Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sage Rhino Capital LLC reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,571 shares of the company’s stock after selling 2,470 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 4.3% of Sage Rhino Capital LLC’s holdings, making the stock its biggest holding. Sage Rhino Capital LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its position in Invesco S&P 500 Equal Weight ETF by 135.7% during the 3rd quarter. Brookstone Capital Management now owns 19,268 shares of the company’s stock valued at $2,673,000 after purchasing an additional 11,094 shares during the period. YHB Investment Advisors Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $305,000. Accurate Wealth Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 10.4% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,088 shares of the company’s stock valued at $441,000 after purchasing an additional 290 shares during the period. Vicus Capital grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the 3rd quarter. Vicus Capital now owns 209,716 shares of the company’s stock worth $29,715,000 after buying an additional 540 shares during the period. Finally, Live Oak Private Wealth LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% in the 3rd quarter. Live Oak Private Wealth LLC now owns 1,788 shares of the company’s stock worth $253,000 after buying an additional 87 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 1.4 %

Shares of NYSEARCA:RSP traded down $2.36 during midday trading on Tuesday, reaching $161.20. The company’s stock had a trading volume of 4,913,774 shares, compared to its average volume of 6,541,681. The firm has a 50 day moving average of $164.18 and a 200-day moving average of $155.38. The firm has a market capitalization of $54.73 billion, a P/E ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80.

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).