Garrett Wealth Advisory Group LLC Decreases Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Garrett Wealth Advisory Group LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 63.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,483 shares of the company’s stock after selling 2,562 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $96,000. Jones Financial Companies Lllp grew its position in shares of Invesco S&P 500 Equal Weight ETF by 93.6% in the 4th quarter. Jones Financial Companies Lllp now owns 110,290 shares of the company’s stock valued at $19,326,000 after buying an additional 53,310 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 818.0% in the 4th quarter. Modera Wealth Management LLC now owns 51,240 shares of the company’s stock valued at $8,979,000 after buying an additional 45,658 shares during the last quarter. Bailard Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 211.3% during the 4th quarter. Bailard Inc. now owns 48,089 shares of the company’s stock worth $8,427,000 after acquiring an additional 32,640 shares in the last quarter. Finally, IFG Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 35.7% in the fourth quarter. IFG Advisors LLC now owns 2,482 shares of the company’s stock valued at $435,000 after acquiring an additional 653 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $180.18 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16. The stock has a market capitalization of $74.90 billion, a P/E ratio of 21.37 and a beta of 1.07. The business’s 50-day simple moving average is $179.15 and its 200-day simple moving average is $179.00.

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).