Platform Technology Partners Cuts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Platform Technology Partners lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.1% during the first quarter, Holdings Channel.com reports. The fund owned 5,406 shares of the company’s stock after selling 2,440 shares during the quarter. Platform Technology Partners’ holdings in Invesco S&P 500 Equal Weight ETF were worth $1,038,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 6.1% during the first quarter. Sound Income Strategies LLC now owns 2,838 shares of the company’s stock worth $546,000 after acquiring an additional 162 shares during the last quarter. Prasad Wealth Partners LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% in the 1st quarter. Prasad Wealth Partners LLC now owns 91,774 shares of the company’s stock worth $17,613,000 after purchasing an additional 2,894 shares during the period. Blue Capital Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $2,751,000. Axis Wealth Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the 1st quarter. Axis Wealth Partners LLC now owns 9,435 shares of the company’s stock valued at $1,811,000 after purchasing an additional 451 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 81.0% in the 1st quarter. Boston Trust Walden Corp now owns 8,604 shares of the company’s stock valued at $1,651,000 after purchasing an additional 3,850 shares in 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 Performance

Shares of NYSEARCA:RSP opened at $214.91 on Friday. The stock has a 50-day simple moving average of $207.09 and a 200-day simple moving average of $200.79. The stock has a market capitalization of $93.84 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $215.61.

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.