Forvis Mazars Wealth Advisors LLC Has $16.94 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Forvis Mazars Wealth Advisors LLC reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,309 shares of the company’s stock after selling 7,662 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,942,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $29,000. Tompkins Financial Corp bought a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $34,000. Howe & Rusling Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 51.9% during the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after purchasing an additional 98 shares during the period. Finally, Hanson & Doremus Investment Management increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 30.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after purchasing an additional 72 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $196.08 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $200.10. The stock has a market cap of $78.98 billion, a PE ratio of 20.10 and a beta of 0.99. The firm has a 50-day simple moving average of $192.32 and a 200 day simple moving average of $189.06.

Invesco S&P 500 Equal Weight ETF Company 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.