Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stock Position Reduced by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,405 shares of the company’s stock after selling 8,675 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Invesco S&P 500 Equal Weight ETF by 105.4% in the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after acquiring an additional 78 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $28,000. Cambridge Financial Group Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $28,000. Joseph Group Capital Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $29,000. Finally, Bridge Generations Wealth Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $29,000.

Invesco S&P 500 Equal Weight ETF Stock Down 1.2%

RSP stock opened at $177.35 on Friday. The company has a market capitalization of $71.69 billion, a price-to-earnings ratio of 20.59 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $188.16. The firm has a 50 day moving average of $171.68 and a two-hundred day moving average of $175.63.

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).