Spire Wealth Management Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Spire Wealth Management decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.5% during the 4th quarter, HoldingsChannel reports. The fund owned 27,321 shares of the company’s stock after selling 3,903 shares during the quarter. Spire Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Castle Rock Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% in the 4th quarter. Castle Rock Wealth Management LLC now owns 5,964 shares of the company’s stock valued at $926,000 after buying an additional 70 shares during the period. Long Run Wealth Advisors LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Long Run Wealth Advisors LLC now owns 1,929 shares of the company’s stock valued at $304,000 after buying an additional 70 shares during the period. Seelaus Asset Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.7% in the 4th quarter. Seelaus Asset Management LLC now owns 10,608 shares of the company’s stock valued at $1,674,000 after buying an additional 72 shares during the period. YHB Investment Advisors Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 3.5% in the 4th quarter. YHB Investment Advisors Inc. now owns 2,225 shares of the company’s stock valued at $351,000 after buying an additional 75 shares during the period. Finally, Sfmg LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.7% in the 3rd quarter. Sfmg LLC now owns 2,896 shares of the company’s stock valued at $410,000 after buying an additional 76 shares during the period.

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

RSP traded up $1.25 on Monday, hitting $164.04. The company had a trading volume of 4,918,688 shares, compared to its average volume of 6,581,635. The firm has a market cap of $54.94 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day moving average price is $164.24 and its 200 day moving average price is $155.95. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $169.80.

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).