New Wave Wealth Advisors LLC Sells 9,009 Shares of Invesco S&P 500 Equal Weight ETF $RSP

New Wave Wealth Advisors LLC cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,108 shares of the company’s stock after selling 9,009 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.8% of New Wave Wealth Advisors LLC’s holdings, making the stock its 14th largest position. New Wave Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Bank of America Corp DE boosted its stake in Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after purchasing an additional 60,000 shares during the last quarter. Trust Co of Tennessee raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after purchasing an additional 12,435 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 19.4% during the first quarter. Janney Montgomery Scott LLC now owns 830,928 shares of the company’s stock valued at $159,472,000 after purchasing an additional 135,061 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP traded down $0.65 during midday trading on Monday, reaching $213.44. 4,332,053 shares of the company’s stock traded hands, compared to its average volume of 11,944,704. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The company has a market cap of $98.62 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The stock has a 50 day moving average of $215.81 and a 200 day moving average of $210.53.

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.