Founders Financial Securities LLC Cuts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Founders Financial Securities LLC lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 41.6% in the third quarter, HoldingsChannel reports. The fund owned 22,788 shares of the company’s stock after selling 16,229 shares during the quarter. Founders Financial Securities LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,323,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of RSP. Geneos Wealth Management Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 46.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock worth $21,244,000 after purchasing an additional 37,119 shares during the last quarter. Total Clarity Wealth Management Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 25.4% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after buying an additional 872 shares in the last quarter. Gilbert Capital Group Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $1,771,000. Quantbot Technologies LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $3,391,000. Finally, Corient Private Wealth LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 303.3% in the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock valued at $184,495,000 after acquiring an additional 763,825 shares in the last quarter. 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 NYSEARCA:RSP opened at $193.09 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $195.46. The firm has a market capitalization of $74.69 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s 50 day moving average price is $189.58 and its 200-day moving average price is $186.88.

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.