Brookstone Capital Management Sells 12,479 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Brookstone Capital Management decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,393 shares of the company’s stock after selling 12,479 shares during the period. Brookstone Capital Management owned about 0.07% of Invesco S&P 500 Equal Weight ETF worth $49,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Southland Equity Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF by 11.8% in the 3rd quarter. Southland Equity Partners LLC now owns 1,385 shares of the company’s stock worth $263,000 after buying an additional 146 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. OLD National Bancorp IN now owns 9,314 shares of the company’s stock valued at $1,767,000 after purchasing an additional 289 shares during the last quarter. Ridgecrest Wealth Partners LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $206,000. ADG Wealth Management Group LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 2.5% in the third quarter. ADG Wealth Management Group LLC now owns 80,803 shares of the company’s stock worth $15,328,000 after purchasing an additional 1,943 shares during the last quarter. Finally, Prism Advisors Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 3.1% in the 3rd quarter. Prism Advisors Inc. now owns 47,093 shares of the company’s stock worth $8,934,000 after purchasing an additional 1,422 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.4%

Shares of RSP opened at $193.79 on Thursday. The firm has a fifty day simple moving average of $189.68 and a two-hundred day simple moving average of $186.92. The firm has a market cap of $74.96 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $195.46.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.