Financial Enhancement Group LLC Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Financial Enhancement Group LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 57.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,715 shares of the company’s stock after selling 71,654 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 1.7% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 19th biggest holding. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in RSP. CPA Asset Management LLC raised its position in shares of 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 purchasing an additional 62 shares in the last quarter. Inlet Private Wealth LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after acquiring an additional 63 shares during the period. Delta Investment Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after purchasing an additional 65 shares during the period. America First Investment Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF by 2.6% in the 2nd 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. Finally, Opal Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.6% during the second quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock valued at $715,000 after buying an additional 67 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 2.4 %

NYSEARCA:RSP opened at $182.92 on Thursday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $139.03 and a 52-week high of $183.38. The business’s 50-day moving average price is $177.34 and its 200 day moving average price is $170.22. The firm has a market cap of $61.27 billion, a P/E 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).