TRUE Private Wealth Advisors Has $56.72 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

TRUE Private Wealth Advisors trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,592 shares of the company’s stock after selling 15,459 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 6.8% of TRUE Private Wealth Advisors’ holdings, making the stock its 3rd largest position. TRUE Private Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $56,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $28,000. Richardson Financial Services Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares during the period. Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $29,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.5% in the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 100 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $187.62 on Friday. The company has a market capitalization of $62.84 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $146.87 and a 1-year high of $188.16. The business has a 50 day simple moving average of $180.69 and a two-hundred day simple moving average of $172.66.

About Invesco S&P 500 Equal Weight ETF

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).