Valeo Financial Advisors LLC Has $115.77 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Valeo Financial Advisors LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 637,006 shares of the company’s stock after selling 14,023 shares during the period. Valeo Financial Advisors LLC owned approximately 0.16% of Invesco S&P 500 Equal Weight ETF worth $115,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RSP. Joule Financial LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.4% in the second quarter. Joule Financial LLC now owns 220,300 shares of the company’s stock worth $40,037,000 after acquiring an additional 3,093 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 2.4% in the second quarter. DAVENPORT & Co LLC now owns 78,972 shares of the company’s stock worth $14,352,000 after purchasing an additional 1,876 shares in the last quarter. Grimes & Company Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 10.7% in the second quarter. Grimes & Company Inc. now owns 128,502 shares of the company’s stock worth $23,354,000 after purchasing an additional 12,375 shares during the period. Merit Financial Group LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 26.9% in the second quarter. Merit Financial Group LLC now owns 18,087 shares of the company’s stock valued at $3,287,000 after acquiring an additional 3,829 shares during the period. Finally, Keudell Morrison Wealth Management lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 27.3% in the second quarter. Keudell Morrison Wealth Management now owns 3,394 shares of the company’s stock valued at $617,000 after buying an additional 728 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 Stock Performance

Shares of NYSEARCA RSP opened at $191.25 on Monday. The firm’s 50-day simple moving average is $187.22 and its 200 day simple moving average is $179.19. The stock has a market cap of $75.35 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.30.

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).