Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Fortitude Financial LLC

Fortitude Financial LLC lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 68.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,052 shares of the company’s stock after selling 27,859 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.5% of Fortitude Financial LLC’s holdings, making the stock its 13th largest position. Fortitude Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $26,000. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at approximately $29,000. Howe & Rusling Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the period. Finally, GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $34,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.41 on Monday. The firm’s fifty day simple moving average is $189.04 and its 200-day simple moving average is $186.11. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $195.47. The stock has a market capitalization of $74.81 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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).