Balefire LLC Sells 4,748 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Balefire LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 24,901 shares of the company’s stock after selling 4,748 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 0.8% of Balefire LLC’s portfolio, making the stock its 26th biggest holding. Balefire LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Weaver Consulting Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the third quarter. Weaver Consulting Group now owns 3,217 shares of the company’s stock valued at $669,000 after purchasing an additional 48 shares in the last quarter. Charis Legacy Partners LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.5% during the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after acquiring an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after acquiring an additional 50 shares in the last quarter. Ballast Rock Private Wealth LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.8% during the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after acquiring an additional 51 shares during the last quarter. Finally, Boston Standard Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.7% in the 2nd quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock worth $431,000 after acquiring an additional 53 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded up $1.17 on Friday, hitting $213.04. The stock had a trading volume of 6,535,135 shares, compared to its average volume of 12,067,952. The business has a 50 day moving average of $216.42 and a 200 day moving average of $209.57. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The stock has a market cap of $96.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92.

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.