OneDigital Investment Advisors LLC Sells 3,526 Shares of Invesco S&P 500 Equal Weight ETF $RSP

OneDigital Investment Advisors LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.7% during the third quarter, HoldingsChannel reports. The firm owned 128,169 shares of the company’s stock after selling 3,526 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,314,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000. GoalVest Advisory LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $34,000. Finally, Cloud Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

Shares of RSP opened at $204.09 on Friday. The stock has a market cap of $84.64 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The business has a 50-day simple moving average of $197.61 and a two-hundred day simple moving average of $191.63.

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.