Precedent Wealth Partners LLC Sells 6,782 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Precedent Wealth Partners LLC reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.0% in the 4th quarter, HoldingsChannel reports. The fund owned 30,989 shares of the company’s stock after selling 6,782 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.2% of Precedent Wealth Partners LLC’s holdings, making the stock its 20th biggest position. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,936,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in Invesco S&P 500 Equal Weight ETF by 107.0% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after purchasing an additional 137,493 shares during the last quarter. CMG Global Holdings LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 13.6% during the 3rd quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after buying an additional 4,262 shares during the period. Sowell Financial Services LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 23.2% in the 3rd quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after buying an additional 3,829 shares during the last quarter. Argent Advisors Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 5.8% in the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after buying an additional 3,135 shares during the last quarter. Finally, Roman Butler Fullerton & Co. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% in the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after buying an additional 4,358 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $190.48 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The company has a market capitalization of $78.99 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The business has a 50-day moving average of $199.62 and a 200-day moving average of $193.31.

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.