Financial Advocates Investment Management Sells 17,397 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Financial Advocates Investment Management lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,898 shares of the company’s stock after selling 17,397 shares during the quarter. Financial Advocates Investment Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,094,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock valued at $160,348,000 after acquiring an additional 839,150 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Penserra Capital Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2,274.4% during the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock worth $87,088,000 after purchasing an additional 465,623 shares during the last quarter. First Interstate Bank lifted its holdings in Invesco S&P 500 Equal Weight ETF by 2,324.6% during the 3rd quarter. First Interstate Bank now owns 379,553 shares of the company’s stock worth $68,001,000 after buying an additional 363,899 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 1,116.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 386,527 shares of the company’s stock valued at $64,951,000 after buying an additional 354,742 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $181.35 on Thursday. The business has a 50-day moving average of $180.00 and a 200-day moving average of $177.34. The company has a market capitalization of $60.74 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $156.16 and a 1 year high of $188.16.

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).