Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,512 shares of the company’s stock after selling 1,122 shares during the period. Canvas Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds 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 during the 2nd quarter worth $25,000. Uniplan Investment Counsel Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $26,000. Richardson Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $30,000. Howe & Rusling Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

Shares of RSP stock opened at $188.01 on Monday. The company’s 50-day moving average price is $188.16 and its 200-day moving average price is $180.26. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $192.30.

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).