U.S. Capital Wealth Advisors LLC Lowers Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

U.S. Capital Wealth Advisors LLC lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 30.0% during the third quarter, Holdings Channel reports. The firm owned 27,487 shares of the company’s stock after selling 11,787 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,925,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RSP. CPA Asset Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 4.7% in the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after buying an additional 62 shares during the last quarter. Inlet Private Wealth LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the third quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock valued at $514,000 after acquiring an additional 63 shares during the last quarter. Everett Harris & Co. CA increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.4% during the first quarter. Everett Harris & Co. CA now owns 4,696 shares of the company’s stock valued at $795,000 after acquiring an additional 65 shares during the last quarter. Delta Investment Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock worth $2,603,000 after acquiring an additional 65 shares during the period. Finally, America First Investment Advisors LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 2.6% in the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock worth $428,000 after purchasing an additional 66 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock traded down $0.50 during trading hours on Wednesday, hitting $179.01. 1,980,113 shares of the company’s stock traded hands, compared to its average volume of 6,076,203. The company has a fifty day simple moving average of $175.97 and a 200-day simple moving average of $169.03. The stock has a market capitalization of $59.96 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $182.22.

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).