Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Parkside Investments LLC

Parkside Investments LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,041 shares of the company’s stock after selling 6,824 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.6% of Parkside Investments LLC’s investment portfolio, making the stock its 13th largest position. Parkside Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of RSP. Highland Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $26,000. Brandywine Financial Group raised its stake in Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. Rogco LP acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $34,000. Asset Dedication LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $36,000. Finally, Raleigh Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $42,000. 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 $215.86 on Wednesday. The stock has a market cap of $99.76 billion, a PE ratio of 20.10 and a beta of 0.92. The business has a fifty day moving average of $215.58 and a two-hundred day moving average of $210.85. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43.

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.