Simplicity Wealth LLC Has $2.67 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Simplicity Wealth LLC reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,071 shares of the company’s stock after selling 9,249 shares during the quarter. Simplicity Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RSP. Realta Investment Advisors lifted its holdings in Invesco S&P 500 Equal Weight ETF by 15.5% in the second quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after buying an additional 55 shares during the period. Fusion Capital LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the 2nd quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock valued at $466,000 after purchasing an additional 56 shares during the period. Burns J W & Co. Inc. NY boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after purchasing an additional 57 shares during the last quarter. Melfa Wealth Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the third quarter. Melfa Wealth Management Inc. now owns 3,473 shares of the company’s stock worth $659,000 after purchasing an additional 57 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock valued at $1,000,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1%

Shares of RSP opened at $199.66 on Friday. The stock has a market cap 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 1 year low of $150.35 and a 1 year high of $200.78. The stock’s 50-day moving average price is $192.74 and its two-hundred day moving average price 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.