Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.1% in the third quarter, HoldingsChannel reports. The firm owned 24,978 shares of the company’s stock after selling 2,498 shares during the period. Wealthfront Advisers LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in RSP. Brighton Jones LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $83,931,000. Bison Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $11,553,000. Finally, Sagespring Wealth Partners LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 46.9% during the second quarter. Sagespring Wealth Partners LLC now owns 6,599 shares of the company’s stock valued at $1,199,000 after acquiring an additional 2,107 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $200.79 on Friday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24. The firm has a market capitalization of $83.27 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s fifty day moving average price is $196.32 and its 200 day moving average price is $190.79.

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.