Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 121,146 shares of the company’s stock after selling 6,335 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 3.3% of Glen Eagle Advisors LLC’s holdings, making the stock its 7th biggest holding. Glen Eagle Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after buying an additional 6,481 shares in the last quarter. Banta Asset Management LP bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $1,654,000. Allen Investment Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after acquiring an additional 35,220 shares during the period. Vise Technologies Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after acquiring an additional 2,983 shares during the period. Finally, Refined Wealth Management bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $606,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

Shares of NYSEARCA RSP opened at $215.18 on Tuesday. The company has a fifty day moving average price of $210.77 and a 200 day moving average price of $203.24. The firm has a market cap of $96.61 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37.

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.