Mayflower Financial Advisors LLC Sells 175 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Mayflower Financial Advisors LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,519 shares of the company’s stock after selling 175 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RSP. Cambridge Financial Group Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $28,000. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Joseph Group Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $29,000. Richardson Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $31,000. 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 $184.25 on Friday. The firm’s 50-day moving average is $179.48 and its two-hundred day moving average is $175.76. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $188.16. The stock has a market capitalization of $73.94 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).