Sightline Wealth Advisors LLC Has $24.82 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Sightline Wealth Advisors LLC decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 136,591 shares of the company’s stock after selling 5,256 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 12.0% of Sightline Wealth Advisors LLC’s holdings, making the stock its biggest position. Sightline Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $24,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RSP. Strategic Family Wealth Counselors L.L.C. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock worth $9,348,000 after acquiring an additional 1,320 shares in the last quarter. GAMMA Investing LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 21.9% in the first quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after purchasing an additional 492 shares in the last quarter. Rhumbline Advisers lifted its position in Invesco S&P 500 Equal Weight ETF by 6.1% during the first quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock valued at $2,639,000 after buying an additional 873 shares during the period. Biltmore Family Office LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 20.7% during the first quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock valued at $11,595,000 after buying an additional 11,477 shares during the period. Finally, Farmers Trust Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.3% during the 1st quarter. Farmers Trust Co. now owns 9,516 shares of the company’s stock valued at $1,648,000 after buying an additional 1,332 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $188.27 on Thursday. The firm’s 50-day moving average price is $186.69 and its 200-day moving average price is $178.32. The company has a market capitalization of $74.63 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $190.54.

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).