Horizon Wealth Management LLC Sells 64 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Horizon Wealth Management LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.2% during the first quarter, Holdings Channel.com reports. The fund owned 31,753 shares of the company’s stock after selling 64 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.4% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Horizon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,378,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $860,010,000. Balyasny Asset Management L.P. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $671,392,000. Morgan Stanley grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after acquiring an additional 2,153,993 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $284,337,000. Finally, Chai Trust Co. LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 926.0% during the third quarter. Chai Trust Co. LLC now owns 1,705,786 shares of the company’s stock valued at $241,693,000 after buying an additional 1,539,527 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded down $1.07 during midday trading on Monday, hitting $163.21. The company’s stock had a trading volume of 5,081,920 shares, compared to its average volume of 6,053,881. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80. The firm has a market cap of $54.67 billion, a P/E ratio of 20.44 and a beta of 0.90. The firm’s 50 day moving average is $164.71 and its 200-day moving average is $162.09.

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).