Echo45 Advisors LLC Sells 18,625 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Echo45 Advisors LLC decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,447 shares of the company’s stock after selling 18,625 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 9.2% of Echo45 Advisors LLC’s holdings, making the stock its 2nd largest holding. Echo45 Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,177,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Van Hulzen Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 6.1% in the fourth quarter. Van Hulzen Asset Management LLC now owns 17,487 shares of the company’s stock valued at $3,350,000 after buying an additional 1,012 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 17.6% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 6,208 shares of the company’s stock valued at $1,189,000 after buying an additional 927 shares in the last quarter. Intellus Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 6.7% in the fourth quarter. Intellus Advisors LLC now owns 6,489 shares of the company’s stock valued at $1,243,000 after buying an additional 409 shares in the last quarter. Plan A Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 92.4% in the fourth quarter. Plan A Wealth LLC now owns 2,651 shares of the company’s stock valued at $508,000 after buying an additional 1,273 shares in the last quarter. Finally, Goldenstone Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $305,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $204.71 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $173.00 and a fifty-two week high of $205.53. The firm has a market capitalization of $88.31 billion, a P/E ratio of 20.10 and a beta of 0.92. The company’s 50 day moving average price is $198.26 and its two-hundred day moving average price is $196.36.

About Invesco S&P 500 Equal Weight ETF

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.