Stone House Investment Management LLC Trims Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Stone House Investment Management LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 91.8% in the third quarter, HoldingsChannel reports. The fund owned 1,962 shares of the company’s stock after selling 21,860 shares during the period. Stone House Investment Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in RSP. Creekmur Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 90 shares in the last quarter. Tidal Investments LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 407.8% in the 1st quarter. Tidal Investments LLC now owns 8,099 shares of the company’s stock valued at $1,372,000 after purchasing an additional 6,504 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in Invesco S&P 500 Equal Weight ETF by 213.3% during the 1st quarter. Citizens Financial Group Inc. RI now owns 9,093 shares of the company’s stock worth $1,540,000 after purchasing an additional 6,191 shares during the last quarter. Strategic Wealth Partners Ltd. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.1% during the first quarter. Strategic Wealth Partners Ltd. now owns 54,609 shares of the company’s stock worth $9,249,000 after buying an additional 5,876 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $43,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP traded up $0.02 during midday trading on Wednesday, hitting $187.23. The company’s stock had a trading volume of 5,590,611 shares, compared to its average volume of 6,087,056. The company has a market cap of $62.71 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $146.09 and a 12-month high of $187.99. The business’s 50 day simple moving average is $180.09 and its 200 day simple moving average is $172.30.

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).