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

Milestone Investment Advisors LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,669 shares of the company’s stock after selling 314 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 1.5% of Milestone Investment Advisors LLC’s holdings, making the stock its 20th biggest holding. Milestone Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RSP. Eastern Bank purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. GHP Investment Advisors Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares during the period. Richardson Financial Services Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $33,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 146.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 1.2 %

RSP opened at $178.67 on Wednesday. The stock has a market cap of $59.84 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $139.03 and a 52-week high of $182.22. The business has a fifty day moving average of $177.16 and a 200 day moving average of $170.13.

About Invesco S&P 500 Equal Weight ETF

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).