Avestar Capital LLC Has $2.35 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Avestar Capital LLC cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,123 shares of the company’s stock after selling 377 shares during the period. Avestar Capital LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,351,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Eastern Bank acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $28,000. GHP Investment Advisors Inc. boosted its stake in shares of 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 worth $29,000 after acquiring an additional 72 shares during the period. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $29,000. Richardson Financial Services Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after acquiring an additional 83 shares during the period. Finally, Bristlecone Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $33,000.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $187.21 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $146.09 and a one year high of $187.99. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company has a fifty day moving average price of $179.88 and a two-hundred day moving average price of $172.15.

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).