Optimum Investment Advisors lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,749 shares of the company’s stock after selling 340 shares during the quarter. Optimum Investment Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $1,045,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of RSP. Nova Wealth Management Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $26,000. Richardson Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $30,000. Howe & Rusling Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares during the period. Finally, Olde Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $37,000. Institutional investors own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Trading Up 0.3%
Shares of RSP stock opened at $191.26 on Friday. The stock has a 50 day moving average of $188.66 and a two-hundred day moving average of $181.32. 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 has a market capitalization of $73.85 billion, a P/E ratio of 20.10 and a beta of 1.05.
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).
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