HBK Sorce Advisory LLC Sells 4,789 Shares of Invesco S&P 500 Equal Weight ETF $RSP

HBK Sorce Advisory LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,526 shares of the company’s stock after selling 4,789 shares during the period. HBK Sorce Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,065,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 46.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock worth $21,244,000 after purchasing an additional 37,119 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 25.4% during the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after buying an additional 872 shares during the period. Gilbert Capital Group Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $1,771,000. Quantbot Technologies LP bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $3,391,000. Finally, Corient Private Wealth LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 303.3% during the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock valued at $184,495,000 after acquiring an additional 763,825 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.84 on Monday. The business has a 50-day moving average price of $189.93 and a two-hundred day moving average price of $187.19. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $195.46. The company has a market cap of $74.98 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.