Kovack Advisors Inc. Trims Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Kovack Advisors Inc. cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,535 shares of the company’s stock after selling 7,755 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $28,000. Richardson Financial Services Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 107.5% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Creekmur Asset Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 86.5% in the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 90 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP traded up $0.65 during trading on Wednesday, reaching $184.26. The stock had a trading volume of 1,435,129 shares, compared to its average volume of 6,057,272. The business has a 50-day moving average of $178.06 and a 200-day moving average of $170.89. Invesco S&P 500 Equal Weight ETF has a one year low of $142.77 and a one year high of $185.79. The stock has a market cap of $61.72 billion, a PE ratio of 20.44 and a beta of 0.90.

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).