SMART Wealth LLC Sells 18,877 Shares of Invesco S&P 500 Equal Weight ETF $RSP

SMART Wealth LLC decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 73.0% in the 2nd quarter, Holdings Channel reports. The fund owned 6,987 shares of the company’s stock after selling 18,877 shares during the quarter. SMART Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Charis Legacy Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock valued at $2,294,000 after purchasing an additional 49 shares during the period. Canvas Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the second quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock worth $930,000 after buying an additional 50 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock worth $188,000 after buying an additional 51 shares in the last quarter. Ballast Rock Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% during the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock worth $1,305,000 after buying an additional 51 shares in the last quarter. Finally, Boston Standard Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 2.7% in the 2nd quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock valued at $431,000 after buying an additional 53 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5%

NYSEARCA RSP opened at $219.00 on Friday. The firm’s 50 day moving average is $217.21 and its 200-day moving average is $207.38. The company has a market capitalization of $98.97 billion, a PE ratio of 20.10 and a beta of 0.91. 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.