Reyes Financial Architecture Inc. decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 88.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,945 shares of the company’s stock after selling 37,009 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.6% of Reyes Financial Architecture Inc.’s investment portfolio, making the stock its 18th largest position. Reyes Financial Architecture Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,029,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Courage Miller Partners LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $13,303,000. Crescent Grove Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 4.6% in the third quarter. Crescent Grove Advisors LLC now owns 14,759 shares of the company’s stock valued at $3,070,000 after purchasing an additional 654 shares during the period. Diligent Investors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $1,234,000. Massachusetts Wealth Management lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.1% in the 3rd quarter. Massachusetts Wealth Management now owns 5,757 shares of the company’s stock valued at $1,198,000 after purchasing an additional 330 shares during the last quarter. Finally, Seamount Financial Group Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.0% in the 3rd quarter. Seamount Financial Group Inc. now owns 5,406 shares of the company’s stock valued at $1,125,000 after purchasing an additional 787 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 Trading Up 0.7%
NYSEARCA RSP opened at $218.22 on Friday. The stock has a fifty day simple moving average of $215.40 and a 200-day simple moving average of $211.19. The stock has a market cap of $100.30 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43.
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.
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