Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Trek Financial LLC

Trek Financial LLC lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 61.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,939 shares of the company’s stock after selling 9,455 shares during the period. Trek Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RSP. Traynor Capital Management Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 24.6% during the third quarter. Traynor Capital Management Inc. now owns 2,104 shares of the company’s stock worth $438,000 after acquiring an additional 416 shares during the last quarter. Walled Lake Planning & Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 6.6% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 76,713 shares of the company’s stock valued at $15,958,000 after purchasing an additional 4,717 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $15,204,000. Columbia Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $224,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $9,211,000. 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 RSP opened at $219.98 on Tuesday. The firm has a 50 day simple moving average of $215.02 and a 200-day simple moving average of $207.86. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The stock has a market cap of $101.01 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.