Smithbridge Asset Management Inc. DE Decreases Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Smithbridge Asset Management Inc. DE lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,823 shares of the company’s stock after selling 157 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Invesco S&P 500 Equal Weight ETF were worth $957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Partnership Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $25,000. Howe & Rusling Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. Fairman Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $27,000. DHJJ Financial Advisors Ltd. raised its stake in Invesco S&P 500 Equal Weight ETF by 107.5% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 86.5% in the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 90 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock traded up $0.41 during mid-day trading on Friday, hitting $170.78. 3,454,702 shares of the stock were exchanged, compared to its average volume of 6,308,656. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $173.08. The stock has a market capitalization of $57.20 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock’s fifty day simple moving average is $166.52 and its two-hundred day simple moving average is $164.64.

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).