Zacks Investment Management Has $517,000 Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Zacks Investment Management reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.5% in the third quarter, Holdings Channel reports. The institutional investor owned 2,888 shares of the company’s stock after selling 267 shares during the period. Zacks Investment Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $517,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. CPA Asset Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the third quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after buying an additional 62 shares during the last quarter. Inlet Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the third quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after buying an additional 63 shares during the last quarter. Delta Investment Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after buying an additional 65 shares during the last quarter. America First Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock valued at $428,000 after purchasing an additional 66 shares in the last quarter. Finally, Founders Financial Alliance LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.4% during the second quarter. Founders Financial Alliance LLC now owns 2,852 shares of the company’s stock valued at $469,000 after purchasing an additional 67 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $183.30 on Wednesday. The company’s 50-day moving average is $181.61 and its 200 day moving average is $173.51. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.68 and a fifty-two week high of $188.16. The firm has a market capitalization of $61.39 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).