Clear Wave Wealth Management LLC Sells 3,851 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Clear Wave Wealth Management LLC trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.0% during the third quarter, HoldingsChannel.com reports. The firm owned 125,808 shares of the company’s stock after selling 3,851 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 4.5% of Clear Wave Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Clear Wave Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,171,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Highland Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $26,000. Brandywine Financial Group grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the period. Valley National Advisers Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $31,000. Rogco LP acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $34,000. Finally, Asset Dedication LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $36,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $220.95 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $224.20. The company’s 50 day moving average price is $214.79 and its 200 day moving average price is $208.37. The firm has a market capitalization of $103.04 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.