Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 571,324 shares of the company’s stock after selling 12,540 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 2.7% of Valeo Financial Advisors LLC’s portfolio, making the stock its 11th largest holding. Valeo Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $118,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RSP. Bank of America Corp DE raised its position in Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $400,736,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $306,496,000. State of Wisconsin Investment Board increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after acquiring an additional 1,060,181 shares during the period. Finally, Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $155,449,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP traded up $0.98 during mid-day trading on Thursday, reaching $211.59. The stock had a trading volume of 5,786,811 shares, compared to its average volume of 12,055,525. The firm has a market capitalization of $96.29 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The business has a 50 day simple moving average of $216.49 and a 200 day simple moving average of $209.42.

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.