Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Sightline Wealth Advisors LLC

Sightline Wealth Advisors LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,760 shares of the company’s stock after selling 7,831 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 11.0% of Sightline Wealth Advisors LLC’s investment portfolio, making the stock its biggest holding. Sightline Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,426,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Investment Counsel Co. of Nevada acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $29,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $32,000. GoalVest Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $34,000. Copia Wealth Management grew its position in shares of Invesco S&P 500 Equal Weight ETF by 335.8% during the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock worth $44,000 after buying an additional 178 shares during the period. Finally, Howe & Rusling Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 51.9% in the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $199.24 on Tuesday. The firm’s 50 day simple moving average is $193.25 and its 200 day simple moving average is $189.48. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $200.78. The company has a market capitalization of $82.68 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.