Avantax Advisory Services Inc. Sells 1,948 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Avantax Advisory Services Inc. trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,240 shares of the company’s stock after selling 1,948 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $18,967,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Beta Wealth Group Inc. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.4% in the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after buying an additional 150 shares during the last quarter. Ceera Investments LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $267,000. Sandy Cove Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $222,000. Permanent Capital Management LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $25,956,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock valued at $12,958,000 after buying an additional 33,861 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

Invesco S&P 500 Equal Weight ETF stock opened at $171.07 on Thursday. The stock has a market capitalization of $71.11 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16. The stock has a 50-day simple moving average of $178.91 and a 200 day simple moving average of $179.12.

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).