Invesco S&P 500 Equal Weight ETF $RSP Stake Cut by Wealth Advisors of Iowa LLC

Wealth Advisors of Iowa LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 34.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,461 shares of the company’s stock after selling 79,150 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 10.2% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its biggest holding. Wealth Advisors of Iowa LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,345,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 219.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after buying an additional 6,254,609 shares during the last quarter. Japan Science & Technology Agency acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter valued at about $656,908,000. Phoenix Financial Ltd. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $269,253,000. Invesco Ltd. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 12.0% in the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after purchasing an additional 1,195,627 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after purchasing an additional 1,102,322 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 1.2%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $182.18 on Friday. The firm’s 50 day simple moving average is $188.49 and its two-hundred day simple moving average is $184.28. The firm has a market capitalization of $70.47 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.33.

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).