New England Private Wealth Advisors LLC Sells 2,690 Shares of Invesco S&P 500 Equal Weight ETF $RSP

New England Private Wealth Advisors LLC cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 52,280 shares of the company’s stock after selling 2,690 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.3% of New England Private Wealth Advisors LLC’s holdings, making the stock its 22nd biggest holding. New England Private Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $11,553,000. Finally, Savant Capital LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the second quarter. Savant Capital LLC now owns 10,456 shares of the company’s stock worth $1,900,000 after buying an additional 658 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $198.15 on Monday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24. The company has a market capitalization of $82.17 billion, a PE ratio of 20.10 and a beta of 0.99. The company has a fifty day moving average of $199.53 and a 200-day moving average of $192.92.

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.