Summit Financial Wealth Advisors LLC lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 83.5% in the second quarter, Holdings Channel reports. The fund owned 3,457 shares of the company’s stock after selling 17,535 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $628,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $25,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $26,000. Investment Counsel Co. of Nevada purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $29,000. Howe & Rusling Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after purchasing an additional 124 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Down 0.7%
Invesco S&P 500 Equal Weight ETF stock opened at $193.41 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $195.47. The stock has a market cap of $74.81 billion, a P/E ratio of 20.10 and a beta of 0.99. The stock has a 50 day moving average of $189.04 and a 200-day moving average of $186.11.
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).
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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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