Gladstone Institutional Advisory LLC Cuts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Gladstone Institutional Advisory LLC decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.8% in the third quarter, Holdings Channel reports. The institutional investor owned 88,338 shares of the company’s stock after selling 6,405 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 0.8% of Gladstone Institutional Advisory LLC’s holdings, making the stock its 26th biggest position. Gladstone Institutional Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Eastern Bank bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. Richardson Financial Services Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 107.5% during the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 90 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7 %

NYSEARCA:RSP traded up $1.29 during mid-day trading on Friday, reaching $177.58. The company’s stock had a trading volume of 2,221,541 shares, compared to its average volume of 6,036,626. The stock has a market cap of $59.48 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s fifty day moving average price is $176.98 and its two-hundred day moving average price is $169.62. Invesco S&P 500 Equal Weight ETF has a 12-month low of $137.38 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).