Evermay Wealth Management LLC Has $1.44 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Evermay Wealth Management LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,301 shares of the company’s stock after selling 139 shares during the period. Evermay Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RSP. Foundations Investment Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.1% during the first quarter. Foundations Investment Advisors LLC now owns 23,547 shares of the company’s stock valued at $4,079,000 after purchasing an additional 1,571 shares in the last quarter. Purkiss Capital Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 8.1% in the 1st quarter. Purkiss Capital Advisors LLC now owns 8,965 shares of the company’s stock valued at $1,553,000 after buying an additional 671 shares during the last quarter. Inlet Private Wealth LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 16.6% in the 1st quarter. Inlet Private Wealth LLC now owns 3,447 shares of the company’s stock valued at $597,000 after buying an additional 490 shares during the last quarter. Abbot Financial Management Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 32.0% during the 1st quarter. Abbot Financial Management Inc. now owns 3,920 shares of the company’s stock worth $679,000 after buying an additional 950 shares during the period. Finally, Stephenson & Company Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.0% during the 1st quarter. Stephenson & Company Inc. now owns 123,391 shares of the company’s stock worth $21,375,000 after acquiring an additional 1,198 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $187.73 on Monday. The firm has a 50 day moving average price of $180.54 and a two-hundred day moving average price of $176.19. The stock has a market cap of $75.35 billion, a P/E ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).