Invesco S&P 500 Equal Weight ETF $RSP Stock: Trek Financial LLC Trims Holdings

Trek Financial LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 61.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,939 shares of the company’s stock after selling 9,455 shares during the quarter. Trek Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after purchasing an additional 5,887 shares during the period. Rhodes Investment Advisors Inc. ADV purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $794,000. Corient Private Wealth LP increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock valued at $84,412,000 after purchasing an additional 58,956 shares in the last quarter. Echo45 Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.8% in the second quarter. Echo45 Advisors LLC now owns 87,450 shares of the company’s stock valued at $18,607,000 after purchasing an additional 2,346 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $2,939,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

RSP stock opened at $219.98 on Tuesday. The company has a market cap of $101.01 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The company’s 50-day moving average price is $215.02 and its 200 day moving average price is $207.86.

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.