HB Wealth Management LLC Sells 1,703 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

HB Wealth Management LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,651 shares of the company’s stock after selling 1,703 shares during the period. HB Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,035,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RSP. Clal Insurance Enterprises Holdings Ltd bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $860,010,000. Balyasny Asset Management L.P. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $671,392,000. JPMorgan Chase & Co. lifted its stake in Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after purchasing an additional 2,328,560 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $284,337,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 1,276.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 758,169 shares of the company’s stock worth $124,552,000 after purchasing an additional 703,098 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded up $1.07 during trading on Thursday, reaching $174.94. 1,214,472 shares of the company’s stock were exchanged, compared to its average volume of 6,215,825. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $175.38. The stock has a market capitalization of $58.59 billion, a P/E ratio of 20.44 and a beta of 0.90. The business has a 50 day moving average price of $167.85 and a 200-day moving average price of $165.49.

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).