Invesco S&P 500 Equal Weight ETF $RSP Stock: Mycio Wealth Partners LLC Decreases Position

Mycio Wealth Partners LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 67.9% during the third quarter, Holdings Channel.com reports. The fund owned 2,020 shares of the company’s stock after selling 4,270 shares during the period. Mycio Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $420,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after acquiring an additional 60,000 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $248,531,000. Finally, Trust Co of Tennessee raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after acquiring an additional 12,435 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $216.05 on Monday. The firm has a 50 day simple moving average of $214.78 and a 200-day simple moving average of $208.27. The firm has a market cap of $100.26 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $224.20.

About Invesco S&P 500 Equal Weight ETF

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.