Nvest Financial LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Nvest Financial LLC cut its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,068 shares of the company’s stock after selling 72 shares during the period. Nvest Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $25,000. Howe & Rusling Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $26,000. GAMMA Investing LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $38,000. SOA Wealth Advisors LLC. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 51.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock worth $48,000 after buying an additional 103 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 98.5% during the 4th quarter. Missouri Trust & Investment Co now owns 397 shares of the company’s stock worth $63,000 after buying an additional 197 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded up $0.71 during trading hours on Tuesday, reaching $163.66. 3,677,231 shares of the company’s stock were exchanged, compared to its average volume of 6,049,783. The company has a market cap of $54.82 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s 50 day moving average is $164.75 and its two-hundred day moving average is $162.13. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80.

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).