Invesco S&P 500 Equal Weight ETF $RSP Holdings Cut by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,005 shares of the company’s stock after selling 6,351 shares during the period. Sowell Financial Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after acquiring an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the period. Cerity Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after purchasing an additional 54,925 shares during the period. Lbmc Investment Advisors LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the third quarter. Lbmc Investment Advisors LLC now owns 1,336,510 shares of the company’s stock valued at $253,536,000 after purchasing an additional 6,770 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after purchasing an additional 150,899 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Shares of NYSEARCA:RSP opened at $193.92 on Tuesday. The firm’s 50 day moving average is $198.09 and its two-hundred day moving average is $193.64. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24. The firm has a market capitalization of $85.84 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.