Brightwater Advisory LLC Has $3.26 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Brightwater Advisory LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,219 shares of the company’s stock after selling 1,427 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 2.4% of Brightwater Advisory LLC’s investment portfolio, making the stock its 17th biggest holding. Brightwater Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fairman Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at $27,000. DHJJ Financial Advisors Ltd. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 107.5% during the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after buying an additional 100 shares during the period. Creekmur Asset Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares in the last quarter. Central Bank & Trust Co. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth about $36,000. Finally, Goodman Advisory Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $39,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded up $0.81 during trading hours on Wednesday, reaching $178.41. 1,298,989 shares of the stock were exchanged, compared to its average volume of 6,184,595. The stock has a market cap of $59.76 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $179.94. The firm has a 50 day moving average of $173.21 and a 200 day moving average of $168.12.

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).