MN Wealth Advisors LLC Lowers Stake in Invesco S&P 500 Equal Weight ETF $RSP

MN Wealth Advisors LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 82.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,062 shares of the company’s stock after selling 4,881 shares during the period. MN Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $201,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $25,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $26,000. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $32,000. Finally, Howe & Rusling Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $192.86 on Friday. The stock has a market capitalization of $74.60 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $195.46. The company has a fifty day moving average of $190.14 and a two-hundred day moving average of $187.55.

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). 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.