Ehrlich Financial Group Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Ehrlich Financial Group reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,912 shares of the company’s stock after selling 137 shares during the period. Ehrlich Financial Group’s holdings in Invesco S&P 500 Equal Weight ETF were worth $861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $28,000. GHP Investment Advisors Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $29,000. Richardson Financial Services Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after acquiring an additional 83 shares during the period. Finally, Bristlecone Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

RSP stock traded up $1.42 on Monday, hitting $174.67. The company had a trading volume of 8,118,558 shares, compared to its average volume of 7,654,596. The stock’s 50-day simple moving average is $180.89 and its 200 day simple moving average is $175.64. The stock has a market cap of $58.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $153.10 and a 12-month high of $188.16.

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).