Global Wealth Management LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Global Wealth Management LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,668 shares of the company’s stock after selling 622 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.5% of Global Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Global Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,972,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RSP. Eastern Bank purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. Richardson Financial Services Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $29,000. Finally, Riggs Asset Managment Co. Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 146.7% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $180.04 on Monday. The firm has a market capitalization of $60.30 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.16 and a 1-year high of $188.16. The business’s 50-day simple moving average is $180.54 and its 200-day simple moving average is $176.12.

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).