Tranquilli Financial Advisor LLC Has $4 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Tranquilli Financial Advisor LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 26.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,062 shares of the company’s stock after selling 7,413 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 2.4% of Tranquilli Financial Advisor LLC’s holdings, making the stock its 7th biggest holding. Tranquilli Financial Advisor LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,995,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jmac Enterprises LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.0% during the third quarter. Jmac Enterprises LLC now owns 6,389 shares of the company’s stock valued at $1,212,000 after buying an additional 188 shares during the last quarter. Flagship Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 104.5% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 1,139 shares of the company’s stock valued at $216,000 after acquiring an additional 582 shares during the last quarter. Facet Wealth Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $264,000. Accredited Investors Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $217,000. Finally, Mountain Pacific Investment Advisers LLC grew its position in Invesco S&P 500 Equal Weight ETF by 6.1% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 9,977 shares of the company’s stock worth $1,893,000 after acquiring an additional 570 shares during the last quarter. Hedge funds and other institutional investors 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 $198.77 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $200.78. The business’s 50 day simple moving average is $192.97 and its two-hundred day simple moving average is $189.31. The stock has a market capitalization of $82.37 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.