Retirement Planning Co of New England Inc. Has $289,000 Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Retirement Planning Co of New England Inc. trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 49.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,665 shares of the company’s stock after selling 1,625 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $289,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RSP. Forum Financial Management LP grew its position in shares of Invesco S&P 500 Equal Weight ETF by 25.2% in the first quarter. Forum Financial Management LP now owns 5,469 shares of the company’s stock valued at $947,000 after purchasing an additional 1,102 shares during the last quarter. Fortis Group Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 37.1% in the first quarter. Fortis Group Advisors LLC now owns 88,290 shares of the company’s stock valued at $15,294,000 after purchasing an additional 23,892 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 13.7% during the first quarter. Kingsview Wealth Management LLC now owns 17,143 shares of the company’s stock worth $2,970,000 after buying an additional 2,065 shares in the last quarter. Montis Financial LLC grew its position in Invesco S&P 500 Equal Weight ETF by 15.1% during the first quarter. Montis Financial LLC now owns 80,723 shares of the company’s stock worth $13,984,000 after buying an additional 10,571 shares in the last quarter. Finally, Frederick Financial Consultants LLC grew its position in Invesco S&P 500 Equal Weight ETF by 6.1% during the first quarter. Frederick Financial Consultants LLC now owns 1,701 shares of the company’s stock worth $295,000 after buying an additional 98 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

NYSEARCA:RSP opened at $184.25 on Friday. The firm has a 50 day moving average of $179.48 and a 200-day moving average of $175.76. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year 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).