BostonPremier Wealth LLC Lowers Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

BostonPremier Wealth LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 52.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,259 shares of the company’s stock after selling 20,371 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.7% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 13th largest holding. BostonPremier Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,464,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RSP. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second 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 valued at approximately $32,000. GoalVest Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth $34,000. Howe & Rusling Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 51.9% during the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after acquiring an additional 98 shares during the period. Finally, Hanson & Doremus Investment Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% in the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

NYSEARCA:RSP opened at $198.68 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $198.68. The firm has a market cap of $79.14 billion, a PE ratio of 20.10 and a beta of 0.99. The stock has a fifty day moving average price of $191.48 and a 200 day moving average price of $188.63.

About Invesco S&P 500 Equal Weight ETF

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.