Clarus Wealth Advisors Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Clarus Wealth Advisors lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.2% in the fourth quarter, HoldingsChannel reports. The firm owned 26,475 shares of the company’s stock after selling 2,677 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 2.3% of Clarus Wealth Advisors’ holdings, making the stock its 10th largest holding. Clarus Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $4,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RSP. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $28,000. GHP Investment Advisors Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $29,000. Richardson Financial Services Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at $33,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.8 %

Shares of RSP opened at $176.08 on Wednesday. The firm has a market capitalization of $58.98 billion, a PE ratio of 20.44 and a beta of 0.90. The firm has a 50-day moving average price of $180.80 and a 200 day moving average price of $175.79. Invesco S&P 500 Equal Weight ETF has a 52-week low of $153.10 and a 52-week high of $188.16.

Invesco S&P 500 Equal Weight ETF Company 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).