Glen Eagle Advisors LLC Has $23.25 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Glen Eagle Advisors LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,146 shares of the company’s stock after selling 6,335 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 3.3% of Glen Eagle Advisors LLC’s investment portfolio, making the stock its 7th largest position. Glen Eagle Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Dorato Capital Management acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth about $29,000. Hurley Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. Basepoint Wealth LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $40,000. Finally, Raleigh Capital Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $42,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8%

NYSEARCA:RSP opened at $215.18 on Tuesday. The firm has a market cap of $96.61 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $216.37. The company’s 50-day moving average price is $210.77 and its two-hundred day moving average price is $203.24.

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). 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.