Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Simplicity Wealth LLC

Simplicity Wealth LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.5% during the third quarter, HoldingsChannel reports. The fund owned 6,842 shares of the company’s stock after selling 8,883 shares during the period. Simplicity Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,423,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RSP. Highland Investment Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $26,000. Brandywine Financial Group boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. Rogco LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $34,000. Asset Dedication LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $36,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $217.29 on Tuesday. The firm’s fifty day simple moving average is $215.35 and its 200-day simple moving average is $207.21. The stock has a market capitalization of $99.69 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43.

Invesco S&P 500 Equal Weight ETF Company 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.