Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Provident Investment Management Inc.

Provident Investment Management Inc. trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 55.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,935 shares of the company’s stock after selling 2,430 shares during the quarter. Provident Investment Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Weaver Consulting Group boosted its holdings in Invesco S&P 500 Equal Weight ETF by 1.5% in the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock valued at $669,000 after acquiring an additional 48 shares during the last quarter. Sage Capital Advisors llc raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.0% during the 3rd quarter. Sage Capital Advisors llc now owns 2,461 shares of the company’s stock worth $512,000 after purchasing an additional 48 shares during the last quarter. Charis Legacy Partners LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% during the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after purchasing an additional 49 shares during the last quarter. Canvas Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after purchasing an additional 50 shares during the last quarter. Finally, Tenon Financial LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.0% during the 3rd quarter. Tenon Financial LLC now owns 5,185 shares of the company’s stock worth $1,079,000 after purchasing an additional 50 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $216.54 on Monday. The company has a market capitalization of $99.34 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The company’s 50 day moving average price is $215.28 and its 200-day moving average price is $211.35.

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.