Brookstone Capital Management Sells 6,033 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Brookstone Capital Management decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the first quarter, Holdings Channel reports. The firm owned 263,841 shares of the company’s stock after selling 6,033 shares during the period. Brookstone Capital Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $50,636,000 at the end of the most recent quarter.

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

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $209.96 on Monday. The company has a market capitalization of $90.58 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $214.30. The firm has a 50 day moving average of $205.05 and a 200 day moving average of $199.54.

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.