Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 77,962 shares of the company’s stock after selling 8,058 shares during the period. Flputnam Investment Management Co.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 46.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock valued at $21,244,000 after buying an additional 37,119 shares during the period. Total Clarity Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.4% during the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after buying an additional 872 shares during the period. Gilbert Capital Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $1,771,000. Quantbot Technologies LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $3,391,000. Finally, Corient Private Wealth LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 303.3% in the 2nd quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock valued at $184,495,000 after acquiring an additional 763,825 shares during the period. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $192.88 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $195.46. The company has a 50 day moving average price of $189.36 and a 200 day moving average price of $186.60. The stock has a market capitalization of $74.61 billion, a P/E ratio of 20.10 and a beta of 0.99.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.