Advisors Preferred LLC Sells 4,246 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Advisors Preferred LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,251 shares of the company’s stock after selling 4,246 shares during the period. Advisors Preferred LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,231,000 as of its most recent SEC filing.

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

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

Shares of NYSEARCA RSP opened at $204.09 on Friday. The firm has a market cap of $84.64 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24. The company’s fifty day simple moving average is $197.61 and its 200 day simple moving average is $191.63.

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.