Advocacy Wealth Management LLC Sells 3,397 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Advocacy Wealth Management LLC reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 115,576 shares of the company’s stock after selling 3,397 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 0.9% of Advocacy Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Advocacy Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $22,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $83,931,000. Bison Wealth LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $11,553,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $279,000. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $207.61 on Tuesday. The stock has a market capitalization of $89.57 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 $175.98 and a 1 year high of $210.95. The business’s 50-day moving average is $201.87 and its 200 day moving average is $198.13.

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). 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.