Prism Advisors Inc. trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 6.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,913 shares of the company’s stock after selling 3,963 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 3.0% of Prism Advisors Inc.’s holdings, making the stock its 15th biggest position. Prism Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,846,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in RSP. Atlas Brown Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2.8% during the 3rd quarter. Atlas Brown Inc. now owns 5,375 shares of the company’s stock valued at $1,118,000 after purchasing an additional 145 shares during the last quarter. Castleview Partners LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 31.5% during the third quarter. Castleview Partners LLC now owns 3,501 shares of the company’s stock worth $728,000 after purchasing an additional 838 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.7% in the third quarter. Capital Advisors Wealth Management LLC now owns 4,788 shares of the company’s stock valued at $996,000 after purchasing an additional 540 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.2% in the third quarter. Sound Income Strategies LLC now owns 2,953 shares of the company’s stock valued at $626,000 after purchasing an additional 146 shares during the last quarter. Finally, GK Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $146,000. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
NYSEARCA RSP opened at $213.04 on Friday. The firm has a 50-day moving average of $216.38 and a 200-day moving average of $209.60. The stock has a market cap of $96.95 billion, a PE ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43.
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.
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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).
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