RFG Advisory LLC Has $1.24 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

RFG Advisory LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,814 shares of the company’s stock after selling 2,609 shares during the quarter. RFG Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,237,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RSP. Highland Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $26,000. Brandywine Financial Group raised its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the second 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. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $29,000. Rogco LP bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $34,000. Finally, Hurley Capital LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8%

NYSEARCA RSP opened at $214.87 on Friday. The company has a market cap of $97.10 billion, a P/E ratio of 20.10 and a beta of 0.91. The company has a fifty day simple moving average of $217.40 and a 200 day simple moving average of $207.81. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43.

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). 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.