Invesco S&P 500 Equal Weight ETF $RSP is Dumont & Blake Investment Advisors LLC’s 4th Largest Position

Dumont & Blake Investment Advisors LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 80,396 shares of the company’s stock after selling 2,824 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 3.9% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 4th largest position. Dumont & Blake Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RSP. Cary Street Partners Investment Advisory LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 5.5% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after purchasing an additional 51 shares during the period. Ballast Rock Private Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 0.8% in the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after purchasing an additional 51 shares during the period. Pacific Point Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after purchasing an additional 52 shares in the last quarter. Merkkuri Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 11,865 shares of the company’s stock valued at $2,277,000 after purchasing an additional 54 shares during the period. Finally, Jessup Wealth Management Inc raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the 4th quarter. Jessup Wealth Management Inc now owns 3,068 shares of the company’s stock worth $588,000 after buying an additional 55 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.0%

Shares of RSP stock opened at $215.00 on Tuesday. The stock has a 50-day simple moving average of $207.59 and a 200 day simple moving average of $201.10. The stock has a market capitalization of $94.82 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $179.94 and a fifty-two week high of $215.61.

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.