Founders Financial Alliance LLC Sells 10,362 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Founders Financial Alliance LLC decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 68.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,828 shares of the company’s stock after selling 10,362 shares during the period. Founders Financial Alliance LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSP. Investment Counsel Co. of Nevada bought a new position in Invesco S&P 500 Equal Weight ETF in the second quarter worth $29,000. Tompkins Financial Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $32,000. IMA Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $33,000. GoalVest Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $34,000. Finally, Cloud Capital Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $202.87 on Tuesday. The stock has a market cap of $84.13 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24. The firm’s 50-day simple moving average is $196.78 and its two-hundred day simple moving average is $191.11.

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.