Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 33,540 shares of the company’s stock after selling 4,180 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.4% of Peddock Capital Advisors LLC’s holdings, making the stock its 18th largest holding. Peddock Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RSP. Weaver Consulting Group increased its stake in Invesco S&P 500 Equal Weight ETF by 1.5% during the 3rd quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock worth $669,000 after purchasing an additional 48 shares in the last quarter. Sage Capital Advisors llc lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.0% in the third quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock valued at $512,000 after buying an additional 48 shares in the last quarter. Charis Legacy Partners LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.5% in the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after buying an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.2% in the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after buying an additional 50 shares in the last quarter. Finally, Tenon Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.0% in the third quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock valued at $1,079,000 after buying an additional 50 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $0.91 on Friday, hitting $214.09. The company had a trading volume of 10,003,003 shares, compared to its average volume of 11,983,996. The stock has a 50-day moving average of $215.81 and a 200-day moving average of $210.38. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The firm has a market capitalization of $98.92 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.