Lunt Capital Management Inc. Sells 6,355 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Lunt Capital Management Inc. trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.7% in the second quarter, HoldingsChannel reports. The firm owned 22,916 shares of the company’s stock after selling 6,355 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 1.6% of Lunt Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Lunt Capital Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $25,000. Uniplan Investment Counsel Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $26,000. Richardson Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $31,000. Finally, Howe & Rusling Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during 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 last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock 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 fifty-two week low of $150.35 and a fifty-two week high of $192.30. The stock has a market capitalization of $73.53 billion, a PE ratio of 20.10 and a beta of 1.05.

Invesco S&P 500 Equal Weight ETF Company 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).