Invesco S&P 500 Equal Weight ETF $RSP Stock: WealthPlan Investment Management LLC Lowers Position

WealthPlan Investment Management LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 34,286 shares of the company’s stock after selling 5,327 shares during the period. WealthPlan Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,132,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Highland Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $26,000. Brandywine Financial Group grew its stake 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 acquiring 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 approximately $29,000. Rogco LP purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Finally, Asset Dedication LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $36,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.0%

NYSEARCA RSP traded up $2.08 on Thursday, reaching $214.17. 8,098,023 shares of the stock were exchanged, compared to its average volume of 11,965,803. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The firm has a market capitalization of $98.30 billion, a PE ratio of 20.10 and a beta of 0.92. The company’s 50-day simple moving average is $216.01 and its two-hundred 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.