Moss Adams Wealth Advisors LLC Has $2.30 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Moss Adams Wealth Advisors LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 75.0% during the first quarter, Holdings Channel.com reports. The firm owned 11,962 shares of the company’s stock after selling 35,857 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,296,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Forum Financial Management LP grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.1% in the 1st quarter. Forum Financial Management LP now owns 6,335 shares of the company’s stock valued at $1,216,000 after buying an additional 69 shares during the period. Sippican Capital Advisors raised its stake in Invesco S&P 500 Equal Weight ETF by 21.2% during the 1st quarter. Sippican Capital Advisors now owns 1,304 shares of the company’s stock worth $250,000 after buying an additional 228 shares during the period. EWA LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 12.6% during the 1st quarter. EWA LLC now owns 2,798 shares of the company’s stock worth $537,000 after buying an additional 312 shares during the period. Fairway Wealth LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% in the first quarter. Fairway Wealth LLC now owns 137,035 shares of the company’s stock worth $26,300,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Catalina Capital Group LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.1% in the first quarter. Catalina Capital Group LLC now owns 25,243 shares of the company’s stock worth $4,845,000 after acquiring an additional 993 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $213.05 on Tuesday. The stock has a market capitalization of $91.91 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $214.30. The stock has a 50 day moving average price of $206.45 and a two-hundred day moving average price of $200.37.

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). 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.