Salem Investment Counselors Inc. Has $462,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Salem Investment Counselors Inc. trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,730 shares of the company’s stock after selling 183 shares during the period. Salem Investment Counselors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $462,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Partnership Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $25,000. Howe & Rusling Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $26,000. GAMMA Investing LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $38,000. SOA Wealth Advisors LLC. grew its stake in Invesco S&P 500 Equal Weight ETF by 51.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock worth $48,000 after buying an additional 103 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 98.5% during the fourth quarter. Missouri Trust & Investment Co now owns 397 shares of the company’s stock worth $63,000 after buying an additional 197 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP traded up $0.21 during trading on Friday, reaching $165.59. The stock had a trading volume of 4,112,567 shares, compared to its average volume of 6,114,011. The stock has a market capitalization of $55.46 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $169.80. The business’s 50-day moving average price is $164.23 and its 200 day moving average price is $161.56.

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).