Financial Partners Group LLC Sells 257 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Financial Partners Group LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,003 shares of the company’s stock after selling 257 shares during the quarter. Financial Partners Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Invesco S&P 500 Equal Weight ETF by 12.8% during the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after purchasing an additional 2,153,993 shares during the period. Truist Financial Corp lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock worth $1,107,273,000 after buying an additional 112,526 shares during the last quarter. UBS Group AG boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the fourth quarter. UBS Group AG now owns 6,039,483 shares of the company’s stock valued at $953,030,000 after acquiring an additional 90,811 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $860,010,000. Finally, Balyasny Asset Management L.P. bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $671,392,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1 %

NYSEARCA:RSP traded up $0.12 during trading hours on Friday, hitting $164.28. 4,760,987 shares of the company traded hands, compared to its average volume of 6,062,520. Invesco S&P 500 Equal Weight ETF has a twelve month low of $133.34 and a twelve month high of $169.80. The firm has a 50-day moving average of $164.71 and a 200 day moving average of $162.09. The stock has a market capitalization of $55.02 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).