Keystone Global Partners LLC Cuts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Keystone Global Partners LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 52.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,718 shares of the company’s stock after selling 8,360 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.7% of Keystone Global Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Keystone Global Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,464,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $25,000. Uniplan Investment Counsel Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $26,000. Investment Counsel Co. of Nevada purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $32,000. Finally, Howe & Rusling Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.2%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.21 on Wednesday. The firm’s 50 day simple moving average is $190.05 and its two-hundred day simple moving average is $187.40. The firm has a market capitalization of $74.74 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $195.46.

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). 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.