PFG Advisors Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

PFG Advisors lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,836 shares of the company’s stock after selling 668 shares during the quarter. PFG Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $2,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after buying an additional 18,390,083 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares in the last quarter. US Bancorp DE lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after buying an additional 1,990,537 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $284,337,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $181.62 on Thursday. The firm’s 50 day moving average price is $174.84 and its 200-day moving average price is $168.63. The company has a market cap of $60.83 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $182.22.

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).