TRUE Private Wealth Advisors Has $38.29 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

TRUE Private Wealth Advisors reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,707 shares of the company’s stock after selling 57,129 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 4.3% of TRUE Private Wealth Advisors’ holdings, making the stock its 7th largest position. TRUE Private Wealth Advisors owned 0.05% of Invesco S&P 500 Equal Weight ETF worth $38,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.4% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after purchasing an additional 872 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its stake in Invesco S&P 500 Equal Weight ETF by 2.5% during the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock valued at $9,348,000 after purchasing an additional 1,320 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth about $1,545,000. Biltmore Family Office LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 20.7% in the first quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock worth $11,595,000 after buying an additional 11,477 shares during the last quarter. Finally, Courage Miller Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the second quarter. Courage Miller Partners LLC now owns 58,208 shares of the company’s stock worth $10,579,000 after buying an additional 1,816 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1%

Shares of RSP opened at $184.99 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $192.33. The company has a market capitalization of $71.56 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm has a 50 day moving average of $188.72 and a 200 day moving average of $184.29.

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).