Aries Wealth Management lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,008 shares of the company’s stock after selling 1,153 shares during the period. Aries Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in RSP. Nova Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $25,000. Uniplan Investment Counsel Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $26,000. Richardson Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $30,000. OLD Second National Bank of Aurora acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $31,000. Finally, Howe & Rusling Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Up 0.8%
Shares of NYSEARCA:RSP opened at $188.47 on Wednesday. The company has a 50-day moving average price of $187.85 and a 200 day moving average price of $179.87. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30. The company has a market cap of $73.53 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).
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