Sagespring Wealth Partners LLC Reduces Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Sagespring Wealth Partners LLC decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 54.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,597 shares of the company’s stock after selling 6,707 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,072,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RSP. GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 107.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after acquiring an additional 137,493 shares in the last quarter. CMG Global Holdings LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 13.6% in the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after purchasing an additional 4,262 shares in the last quarter. Sowell Financial Services LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after purchasing an additional 3,829 shares in the last quarter. Argent Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after purchasing an additional 3,135 shares during the period. Finally, Roman Butler Fullerton & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 67.0% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after purchasing an additional 4,358 shares during the period. 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 $190.48 on Monday. The stock has a market capitalization of $78.99 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $205.24. The stock’s 50-day simple moving average is $199.62 and its 200 day simple moving average is $193.40.

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.