Alpha Cubed Investments LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Alpha Cubed Investments LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 35.9% in the third quarter, HoldingsChannel reports. The firm owned 7,279 shares of the company’s stock after selling 4,077 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Investment Counsel Co. of Nevada purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $29,000. Tompkins Financial Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $32,000. 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. GoalVest Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $34,000. Finally, Copia Wealth Management boosted its stake in Invesco S&P 500 Equal Weight ETF by 335.8% during the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after acquiring an additional 178 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1%

Shares of NYSEARCA RSP opened at $198.52 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $200.78. The stock has a market capitalization of $83.05 billion, a P/E ratio of 20.10 and a beta of 0.99. The stock’s 50 day moving average price is $194.13 and its two-hundred day moving average price is $189.70.

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.