Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.9% during the third quarter, Holdings Channel reports. The firm owned 32,108 shares of the company’s stock after selling 9,009 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 1.8% of New Wave Wealth Advisors LLC’s holdings, making the stock its 14th biggest position. New Wave Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Highland Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $26,000. Brandywine Financial Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $29,000. Rogco LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $34,000. Finally, Asset Dedication LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth $36,000. 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 traded down $0.65 during trading hours on Monday, hitting $213.44. The stock had a trading volume of 4,332,053 shares, compared to its average volume of 11,944,704. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The firm has a market capitalization of $98.62 billion, a PE ratio of 20.10 and a beta of 0.92. The stock has a fifty day moving average price of $215.81 and a 200 day moving average price of $210.53.

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). 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.