Janney Montgomery Scott LLC Has $116.23 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Janney Montgomery Scott LLC decreased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648,726 shares of the company’s stock after selling 74,189 shares during the period. Janney Montgomery Scott LLC owned about 0.19% of Invesco S&P 500 Equal Weight ETF worth $116,226,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Norden Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $1,421,000. Capstone Investment Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 88.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 3,775 shares of the company’s stock valued at $639,000 after purchasing an additional 1,770 shares during the period. FinTrust Capital Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 265.8% in the 1st quarter. FinTrust Capital Advisors LLC now owns 2,436 shares of the company’s stock valued at $413,000 after purchasing an additional 1,770 shares during the period. Magnolia Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth approximately $662,000. Finally, Conservest Capital Advisors Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 17.2% during the 1st quarter. Conservest Capital Advisors Inc. now owns 13,039 shares of the company’s stock worth $2,208,000 after buying an additional 1,909 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $176.40 on Friday. The stock’s fifty day simple moving average is $177.03 and its 200 day simple moving average is $169.80. Invesco S&P 500 Equal Weight ETF has a one year low of $137.38 and a one year high of $182.22. The firm has a market cap of $59.08 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).