CM Wealth Advisors LLC Sells 2,923 Shares of Invesco S&P 500 Equal Weight ETF $RSP

CM Wealth Advisors LLC cut its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,225 shares of the company’s stock after selling 2,923 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 2.6% of CM Wealth Advisors LLC’s portfolio, making the stock its 10th largest holding. CM Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $83,931,000. Bison Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $11,553,000. Finally, Ascent Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $306,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9%

Shares of RSP stock opened at $200.30 on Thursday. The business has a fifty day simple moving average of $195.02 and a 200 day simple moving average of $190.18. The company has a market cap of $83.06 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $200.95.

Invesco S&P 500 Equal Weight ETF Company 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.