Kestra Private Wealth Services LLC Sells 6,319 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Kestra Private Wealth Services LLC lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,306 shares of the company’s stock after selling 6,319 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,841,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Highland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $26,000. Brandywine Financial Group boosted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% in the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. Valley National Advisers Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at $31,000. Rogco LP acquired a new position in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $34,000. Finally, Asset Dedication LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $36,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $223.33 on Thursday. The firm has a market capitalization of $102.98 billion, a PE ratio of 20.10 and a beta of 0.91. The business has a 50-day moving average of $214.99 and a two-hundred day moving average of $208.08. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.50.

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.