Invesco S&P 500 Equal Weight ETF $RSP Stock Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 58.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,062 shares of the company’s stock after selling 11,169 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Paragon Capital Management Ltd lifted its holdings in Invesco S&P 500 Equal Weight ETF by 13.2% in the 3rd quarter. Paragon Capital Management Ltd now owns 1,841 shares of the company’s stock worth $383,000 after buying an additional 214 shares during the period. Financial Designs Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $307,000. Inspirion Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $317,000. Gainplan LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11.0% during the third quarter. Gainplan LLC now owns 37,990 shares of the company’s stock valued at $7,903,000 after acquiring an additional 3,762 shares in the last quarter. Finally, Diversified Management Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 6.6% in the third quarter. Diversified Management Inc. now owns 37,962 shares of the company’s stock worth $7,897,000 after acquiring an additional 2,345 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

NYSEARCA RSP traded up $1.03 during trading on Friday, hitting $212.90. The company had a trading volume of 3,788,120 shares, compared to its average volume of 12,053,143. The company’s fifty day moving average is $216.42 and its 200-day moving average is $209.57. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The company has a market cap of $96.89 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.