Dynamic Advisor Solutions LLC Decreases Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Dynamic Advisor Solutions LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 37,322 shares of the company’s stock after selling 3,612 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Brandywine Financial Group boosted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Hurley Capital LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares in the last quarter. Asset Dedication LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $36,000. Finally, Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $40,000. 61.18% of the stock is owned by institutional investors and hedge funds.

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

RSP stock opened at $219.73 on Thursday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $221.09. The company’s 50 day moving average is $212.42 and its two-hundred day moving average is $204.21. The stock has a market cap of $99.30 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.