Sunbelt Securities Inc. Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Sunbelt Securities Inc. decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,235 shares of the company’s stock after selling 410 shares during the period. Sunbelt Securities Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,681,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RSP. VitalStone Financial LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $303,000. Optimum Investment Advisors boosted its position in Invesco S&P 500 Equal Weight ETF by 95.5% in the first quarter. Optimum Investment Advisors now owns 2,170 shares of the company’s stock worth $368,000 after purchasing an additional 1,060 shares during the last quarter. Tran Capital Management L.P. purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth $434,000. Regal Wealth Group Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 653.6% in the fourth quarter. Regal Wealth Group Inc. now owns 19,540 shares of the company’s stock worth $3,034,000 after purchasing an additional 16,947 shares during the last quarter. Finally, Destination Wealth Management boosted its position in Invesco S&P 500 Equal Weight ETF by 5.1% in the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after purchasing an additional 96 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1 %

RSP stock opened at $179.16 on Tuesday. The stock’s fifty day simple moving average is $172.16 and its two-hundred day simple moving average is $167.62. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $179.94. The stock has a market cap of $60.01 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).