Family Asset Management LLC Decreases Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Family Asset Management LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,926 shares of the company’s stock after selling 517 shares during the period. Family Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Xponance Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 5.0% in the third quarter. Xponance Inc. now owns 3,131 shares of the company’s stock valued at $444,000 after acquiring an additional 148 shares in the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.7% in the 3rd quarter. Ironwood Wealth Management LLC. now owns 16,373 shares of the company’s stock valued at $2,320,000 after purchasing an additional 1,850 shares during the last quarter. FORVIS Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 146.1% in the 3rd quarter. FORVIS Wealth Advisors LLC now owns 252,594 shares of the company’s stock valued at $35,790,000 after purchasing an additional 149,941 shares during the period. Brighton Jones LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 10.8% during the 3rd quarter. Brighton Jones LLC now owns 8,346 shares of the company’s stock worth $1,183,000 after buying an additional 813 shares during the last quarter. Finally, Access Financial Services Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 2.4% during the third quarter. Access Financial Services Inc. now owns 23,102 shares of the company’s stock worth $3,273,000 after buying an additional 535 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP traded up $1.25 on Monday, reaching $164.04. The stock had a trading volume of 4,918,688 shares, compared to its average volume of 6,581,635. The stock has a market cap of $54.94 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80. The business’s 50-day moving average price is $164.30 and its 200 day moving average price is $156.13.

Invesco S&P 500 Equal Weight ETF 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).