Invesco S&P 500 Equal Weight ETF $RSP Stock: Phoenix Financial Ltd. Cuts Holdings

Phoenix Financial Ltd. lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 2,248,542 shares of the company’s stock after selling 57,000 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 3.1% of Phoenix Financial Ltd.’s portfolio, making the stock its 7th largest position. Phoenix Financial Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $467,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rasp Wealth Solutions LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $212,000. MSH Capital Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 112.9% in the 3rd quarter. MSH Capital Advisors LLC now owns 4,329 shares of the company’s stock valued at $900,000 after acquiring an additional 2,296 shares during the period. Luken Investment Analytics LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.5% in the 3rd quarter. Luken Investment Analytics LLC now owns 43,157 shares of the company’s stock valued at $8,978,000 after acquiring an additional 214 shares during the period. Purkiss Capital Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 10.7% in the 3rd quarter. Purkiss Capital Advisors LLC now owns 17,971 shares of the company’s stock valued at $3,738,000 after acquiring an additional 1,742 shares during the period. Finally, Bernicke Wealth Management Ltd. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $83,008,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock traded up $0.44 during mid-day trading on Friday, hitting $221.16. 6,419,624 shares of the company’s stock traded hands, compared to its average volume of 11,830,450. The firm has a 50 day simple moving average of $214.98 and a two-hundred day simple moving average of $208.82. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $224.20. The stock has a market cap of $104.35 billion, a price-to-earnings ratio of 20.90 and a beta of 0.91.

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.