Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,907 shares of the company’s stock after selling 1,219 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 0.7% of Frank Rimerman Advisors LLC’s holdings, making the stock its 19th largest holding. Frank Rimerman Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $25,000. Uniplan Investment Counsel Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $26,000. Howe & Rusling Inc. lifted its position 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 worth $33,000 after purchasing an additional 124 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $34,000. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% in the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after purchasing an additional 72 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 1.3%

Shares of RSP opened at $184.88 on Tuesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.33. The firm’s 50 day moving average price is $188.77 and its 200 day moving average price is $184.20. The company has a market cap of $71.51 billion, a P/E ratio of 20.10 and a beta of 0.99.

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).