Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 35,859 shares of the company’s stock after selling 3,225 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. RMR Capital Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the 3rd quarter. RMR Capital Management LLC now owns 23,331 shares of the company’s stock valued at $4,426,000 after purchasing an additional 310 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 148.7% in the 3rd quarter. Paulson Wealth Management Inc. now owns 12,700 shares of the company’s stock worth $2,409,000 after buying an additional 7,594 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $35,000. Joule Financial LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.4% during the 3rd quarter. Joule Financial LLC now owns 223,374 shares of the company’s stock worth $42,374,000 after purchasing an additional 3,074 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. AE Wealth Management LLC now owns 9,796 shares of the company’s stock valued at $1,858,000 after acquiring an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $198.52 on Friday. The company’s 50-day simple moving average is $194.13 and its 200-day simple moving average is $189.70. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $200.78. The stock has a market capitalization of $83.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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.