Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Virginia Estate & Retirement Planning Advisors Inc.

Virginia Estate & Retirement Planning Advisors Inc. cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 58.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,878 shares of the company’s stock after selling 18,361 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 3.4% of Virginia Estate & Retirement Planning Advisors Inc.’s holdings, making the stock its 10th largest holding. Virginia Estate & Retirement Planning Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Venture Visionary Partners LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after buying an additional 5,887 shares during the period. Rhodes Investment Advisors Inc. ADV acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $794,000. NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 16.9% during the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock worth $112,364,000 after buying an additional 76,324 shares in the last quarter. Marino Stram & Associates LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 9.0% in the 1st quarter. Marino Stram & Associates LLC now owns 29,979 shares of the company’s stock valued at $5,754,000 after buying an additional 2,465 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $638,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1%

Shares of RSP stock opened at $213.30 on Wednesday. The firm has a 50 day moving average of $216.16 and a two-hundred day moving average of $210.02. The stock has a market capitalization of $97.90 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43.

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.