Harbor Investment Advisory LLC Sells 4,273 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Harbor Investment Advisory LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,955 shares of the company’s stock after selling 4,273 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 1.0% of Harbor Investment Advisory LLC’s portfolio, making the stock its 16th largest holding. Harbor Investment Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,322,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $25,000. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $29,000. Tompkins Financial Corp purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $32,000. GoalVest Advisory LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $34,000. Finally, Howe & Rusling Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 51.9% during the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after buying an additional 98 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $197.78 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $198.07. The firm’s 50 day moving average price is $191.03 and its 200-day moving average price is $188.44. The stock has a market cap of $78.04 billion, a P/E ratio of 20.10 and a beta of 0.99.

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). 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.