Invesco S&P 500 Equal Weight ETF $RSP Stock: Triangle Securities Wealth Management Lowers Holdings

Triangle Securities Wealth Management lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 25.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,005 shares of the company’s stock after selling 4,151 shares during the quarter. Triangle Securities Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,497,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Highland Investment Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $26,000. Brandywine Financial Group lifted its holdings in 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 worth $30,000 after buying an additional 121 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Rogco LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $34,000. Finally, Asset Dedication LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $212.09 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The company has a market cap of $97.35 billion, a P/E ratio of 20.10 and a beta of 0.92. The business’s 50-day simple moving average is $216.01 and its 200-day simple moving average is $210.16.

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.