Thrivent Financial for Lutherans Sells 39,390 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Thrivent Financial for Lutherans cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 88.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,970 shares of the company’s stock after selling 39,390 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Invesco S&P 500 Equal Weight ETF were worth $943,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Investment Counsel Co. of Nevada acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $29,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $32,000. GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $34,000. Cloud Capital Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $35,000. Finally, Copia Wealth Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 335.8% in the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $202.87 on Monday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The firm has a market cap of $84.13 billion, a P/E ratio of 20.10 and a beta of 0.99. The business has a 50 day moving average price of $196.54 and a 200 day moving average price of $190.98.

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.