Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,117 shares of the company’s stock after selling 24,709 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.6% of IFP Advisors Inc’s holdings, making the stock its 20th biggest holding. IFP Advisors Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacific Point Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the fourth quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock worth $250,000 after buying an additional 52 shares during the period. Drucker Wealth 3.0 LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock worth $323,000 after buying an additional 55 shares during the period. Strategies Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.5% during the third quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock worth $307,000 after buying an additional 55 shares during the period. Battery Global Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the third quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock worth $2,411,000 after buying an additional 55 shares during the period. Finally, HORAN Wealth LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.2% during the fourth quarter. HORAN Wealth LLC now owns 4,770 shares of the company’s stock worth $914,000 after buying an additional 56 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $201.62 on Wednesday. The firm has a market cap of $86.98 billion, a PE ratio of 20.10 and a beta of 0.92. The company has a 50-day moving average of $198.01 and a two-hundred day moving average of $196.13. Invesco S&P 500 Equal Weight ETF has a 1-year low of $173.00 and a 1-year high of $205.53.

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.