Cahill Financial Advisors Inc. Cuts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Cahill Financial Advisors Inc. decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,674 shares of the company’s stock after selling 3,024 shares during the period. Cahill Financial Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $32,000. GoalVest Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $34,000. Cloud Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $35,000. Finally, Copia Wealth Management lifted its position in 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 worth $44,000 after buying an additional 178 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 RSP opened at $198.52 on Friday. The firm has a market cap of $83.05 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $200.78. The stock has a 50 day simple moving average of $194.13 and a two-hundred day simple moving average of $189.70.

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.