Nvest Financial LLC Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Nvest Financial LLC lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,768 shares of the company’s stock after selling 1,153 shares during the quarter. Nvest Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $321,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after acquiring an additional 4,295 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21.9% during the first quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock valued at $474,000 after acquiring an additional 492 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.7% during the first quarter. Ritholtz Wealth Management now owns 3,431 shares of the company’s stock valued at $594,000 after acquiring an additional 589 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $188.85 on Thursday. The business has a 50 day simple moving average of $187.97 and a two-hundred day simple moving average of $179.93. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $192.30. The stock has a market capitalization of $73.19 billion, a P/E ratio of 20.10 and a beta of 1.05.

About Invesco S&P 500 Equal Weight ETF

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).