Invesco S&P 500 Equal Weight ETF $RSP Holdings Lessened by Parallel Advisors LLC

Parallel Advisors LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,182 shares of the company’s stock after selling 4,681 shares during the period. Parallel Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guidance Capital Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.8% in the 3rd quarter. Guidance Capital Inc. now owns 64,757 shares of the company’s stock valued at $14,245,000 after purchasing an additional 1,130 shares during the last quarter. United Advisor Group LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 188.6% in the 3rd quarter. United Advisor Group LLC now owns 5,220 shares of the company’s stock worth $1,086,000 after purchasing an additional 3,411 shares during the period. Carmel Capital Partners LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $8,465,000. Phoenix Wealth Advisors increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the 3rd quarter. Phoenix Wealth Advisors now owns 32,191 shares of the company’s stock valued at $6,696,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Canvas Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 4,432 shares of the company’s stock valued at $975,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

NYSEARCA:RSP traded down $0.82 during midday trading on Friday, hitting $216.05. 13,096,930 shares of the company traded hands, compared to its average volume of 11,916,534. The firm’s fifty day moving average is $214.78 and its 200-day moving average is $208.27. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $224.20. The firm has a market capitalization of $100.26 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.