Grant Street Asset Management Inc. Sells 1,653 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Grant Street Asset Management Inc. decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,654 shares of the company’s stock after selling 1,653 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.6% of Grant Street Asset Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Grant Street Asset Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,492,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Briaud Financial Planning Inc acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $300,000. Kirtland Hills Capital Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 34.9% during the third quarter. Kirtland Hills Capital Management LLC now owns 79,652 shares of the company’s stock valued at $14,270,000 after acquiring an additional 20,599 shares during the last quarter. Commerce Bank raised its position in Invesco S&P 500 Equal Weight ETF by 85.9% in the third quarter. Commerce Bank now owns 6,243 shares of the company’s stock worth $1,118,000 after acquiring an additional 2,885 shares during the period. Strategy Asset Managers LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 107.6% in the third quarter. Strategy Asset Managers LLC now owns 35,435 shares of the company’s stock valued at $6,348,000 after purchasing an additional 18,368 shares during the last quarter. Finally, Roger Wittlin Investment Advisory LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 26.2% in the third quarter. Roger Wittlin Investment Advisory LLC now owns 23,620 shares of the company’s stock worth $4,232,000 after purchasing an additional 4,909 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.3 %

Shares of NYSEARCA RSP opened at $181.18 on Wednesday. The business has a 50-day simple moving average of $179.05 and a two-hundred day simple moving average of $171.59. Invesco S&P 500 Equal Weight ETF has a 52 week low of $144.83 and a 52 week high of $185.79. The company has a market cap of $60.68 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).