3,016 Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Provident Wealth Management LLC

Provident Wealth Management LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,848 shares of the company’s stock after selling 3,016 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.6% of Provident Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Provident Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,633,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $26,000. Brandywine Financial Group raised its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. Rogco LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $34,000. Asset Dedication LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $36,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $42,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $215.86 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The stock’s 50 day moving average price is $215.58 and its 200 day moving average price is $210.85. The firm has a market cap of $99.76 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.