Spreng Capital Management Inc. Has $1.26 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Spreng Capital Management Inc. lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% during the second quarter, Holdings Channel.com reports. The firm owned 6,949 shares of the company’s stock after selling 158 shares during the quarter. Spreng Capital Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RSP. Nova Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $26,000. Richardson Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $31,000. Finally, Howe & Rusling Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

RSP stock opened at $188.01 on Friday. The firm has a market cap of $72.86 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.30. The company’s fifty day simple moving average is $188.16 and its 200 day simple moving average is $180.13.

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).