Compass Wealth Management LLC Lowers Stake in Invesco S&P 500 Equal Weight ETF $RSP

Compass Wealth Management LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 99.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 686 shares of the company’s stock after selling 121,001 shares during the period. Compass Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Tompkins Financial Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $32,000. GoalVest Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $34,000. Copia Wealth Management lifted its holdings in Invesco S&P 500 Equal Weight ETF by 335.8% during the third quarter. Copia Wealth Management now owns 231 shares of the company’s stock valued at $44,000 after purchasing an additional 178 shares in the last quarter. Finally, Howe & Rusling Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 51.9% in the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

RSP stock opened at $198.93 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $200.78. The firm has a 50-day simple moving average of $193.53 and a 200-day simple moving average of $189.58. The stock has a market capitalization of $82.55 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.