Weil Company Inc. Cuts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Weil Company Inc. decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,171 shares of the company’s stock after selling 2,532 shares during the period. Weil Company Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 107.0% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock valued at $50,459,000 after buying an additional 137,493 shares during the period. CMG Global Holdings LLC increased its position in Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after acquiring an additional 4,262 shares during the last quarter. Sowell Financial Services LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after acquiring an additional 3,829 shares during the period. Argent Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.8% in the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after acquiring an additional 3,135 shares during the last quarter. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after purchasing an additional 4,358 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.0%

Shares of NYSEARCA:RSP opened at $202.87 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 company has a market capitalization of $84.13 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm’s 50-day moving average is $196.54 and its 200 day moving average is $190.94.

Invesco S&P 500 Equal Weight ETF Company 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.