Invesco S&P 500 Equal Weight ETF $RSP Stock: Obermeyer Wealth Partners Trims Holdings

Obermeyer Wealth Partners lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 59.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,535 shares of the company’s stock after selling 10,834 shares during the quarter. Obermeyer Wealth Partners’ holdings in Invesco S&P 500 Equal Weight ETF were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $26,000. Brandywine Financial Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Rogco LP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $34,000. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $36,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $216.64 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company has a market cap of $100.12 billion, a PE ratio of 20.10 and a beta of 0.92. The stock’s 50 day moving average price is $215.49 and its 200 day moving average price is $211.02.

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). 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.