DeDora Capital Inc. Trims Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

DeDora Capital Inc. lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,158 shares of the company’s stock after selling 346 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 2.6% of DeDora Capital Inc.’s holdings, making the stock its 11th largest position. DeDora Capital Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Tran Capital Management L.P. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $434,000. Destination Wealth Management lifted its stake in Invesco S&P 500 Equal Weight ETF by 5.1% during the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after purchasing an additional 96 shares during the last quarter. Courage Miller Partners LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.6% during the second quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock worth $7,704,000 after purchasing an additional 273 shares during the last quarter. Brookstone Capital Management increased its position in Invesco S&P 500 Equal Weight ETF by 13.5% in the first quarter. Brookstone Capital Management now owns 40,069 shares of the company’s stock worth $6,786,000 after buying an additional 4,772 shares during the period. Finally, Roberts Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $470,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7 %

NYSEARCA RSP traded down $1.27 during trading hours on Tuesday, hitting $179.05. The company had a trading volume of 642,168 shares, compared to its average volume of 6,081,142. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $182.22. The business has a fifty day simple moving average of $175.73 and a 200-day simple moving average of $168.94. The firm has a market cap of $59.97 billion, a P/E ratio of 20.44 and a beta of 0.90.

Invesco S&P 500 Equal Weight ETF Company 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).