Cahill Financial Advisors Inc. Sells 3,024 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Cahill Financial Advisors Inc. reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,674 shares of the company’s stock after selling 3,024 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,025,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 107.0% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after purchasing an additional 137,493 shares in the last quarter. CMG Global Holdings LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.6% in the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after purchasing an additional 4,262 shares during the period. Sowell Financial Services LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after buying an additional 3,829 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 46.5% during the second quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock valued at $21,244,000 after buying an additional 37,119 shares during the period. Finally, Total Clarity Wealth Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 25.4% during the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock valued at $782,000 after buying an additional 872 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSEARCA RSP opened at $198.52 on Friday. The firm has a market capitalization of $83.05 billion, a P/E ratio of 20.10 and a beta of 0.99. The stock’s 50-day simple moving average is $194.13 and its two-hundred day simple moving average is $189.70. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $200.78.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.