Wealthcare Advisory Partners LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Wealthcare Advisory Partners LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 84,245 shares of the company’s stock after selling 11,959 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Investment Counsel Co. of Nevada purchased a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. IMA Advisory Services Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $33,000. GoalVest Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $34,000. Finally, Cloud Capital Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

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

Shares of NYSEARCA RSP opened at $202.87 on Tuesday. The stock has a fifty day moving average price of $196.78 and a 200 day moving average price of $191.11. 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 cap of $84.13 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.