Invesco S&P 500 Equal Weight ETF $RSP Holdings Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 40.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,836 shares of the company’s stock after selling 71,890 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $19,698,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock valued at $50,459,000 after purchasing an additional 137,493 shares during the period. CMG Global Holdings LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after buying an additional 4,262 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after buying an additional 3,829 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 46.5% in the second 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 period. Finally, Total Clarity Wealth Management Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 25.4% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after acquiring an additional 872 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $199.66 on Friday. The firm has a market capitalization of $80.43 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $200.78. The company’s 50 day simple moving average is $192.74 and its 200-day simple moving average is $189.21.

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.