Wellspring Financial Advisors LLC Sells 5,959 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Wellspring Financial Advisors LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,277 shares of the company’s stock after selling 5,959 shares during the period. Wellspring Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,904,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Beta Wealth Group Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock worth $440,000 after purchasing an additional 150 shares during the period. Tidemark LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 31.4% during the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after acquiring an additional 103 shares during the last quarter. Ceera Investments LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $267,000. Sandy Cove Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $222,000. Finally, Permanent Capital Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $25,956,000.

Invesco S&P 500 Equal Weight ETF Stock Down 5.6 %

RSP opened at $157.18 on Monday. The company has a market capitalization of $65.67 billion, a PE ratio of 21.02 and a beta of 1.01. The firm has a 50-day simple moving average of $177.08 and a two-hundred day simple moving average of $178.97. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.90 and a 52 week high of $188.16.

Invesco S&P 500 Equal Weight ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.8308 per share. The ex-dividend date of this dividend was Monday, March 24th.

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).