Stephens Inc. AR Cuts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Stephens Inc. AR cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 71,896 shares of the company’s stock after selling 5,286 shares during the quarter. Stephens Inc. AR’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,639,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RSP. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 107.0% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after acquiring an additional 137,493 shares in the last quarter. CMG Global Holdings LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 13.6% in the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after purchasing an additional 4,262 shares during the last quarter. Sowell Financial Services LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 23.2% during the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after purchasing an additional 3,829 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 46.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock worth $21,244,000 after buying an additional 37,119 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 25.4% during the 2nd 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 last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $198.68 on Thursday. The firm’s fifty day moving average price is $191.48 and its 200 day moving average price is $188.63. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $198.68. The company has a market capitalization of $79.14 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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). 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.