Wealthfront Advisers LLC Sells 2,498 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Wealthfront Advisers LLC lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,978 shares of the company’s stock after selling 2,498 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,738,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RSP. Brighton Jones LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $83,931,000. Bison Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $11,553,000. Finally, Sagespring Wealth Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 46.9% during the second quarter. Sagespring Wealth Partners LLC now owns 6,599 shares of the company’s stock valued at $1,199,000 after acquiring an additional 2,107 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 Stock Down 1.3%

RSP stock opened at $200.79 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The business’s fifty day simple moving average is $196.32 and its two-hundred day simple moving average is $190.79. The firm has a market cap of $83.27 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.