Stonegate Investment Group LLC Trims Position in Invesco S&P 500 Equal Weight ETF $RSP

Stonegate Investment Group LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,303 shares of the company’s stock after selling 4,000 shares during the period. Stonegate Investment Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,594,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RSP. Investment Counsel Co. of Nevada acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $32,000. GoalVest Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $34,000. Copia Wealth Management lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 335.8% in the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after buying an additional 178 shares during the period. Finally, Howe & Rusling Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 51.9% in the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after buying an additional 98 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2%

Invesco S&P 500 Equal Weight ETF stock opened at $199.24 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $200.78. The firm has a market cap of $82.68 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The business’s 50-day moving average price is $193.25 and its 200 day moving average price is $189.48.

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.