Horizon Wealth Management LLC Has $4.92 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Horizon Wealth Management LLC reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 89.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,092 shares of the company’s stock after selling 245,451 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 0.9% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Horizon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,923,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in RSP. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. Richardson Financial Services Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during 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 during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $29,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 146.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock worth $33,000 after buying an additional 110 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded up $1.42 during trading hours on Monday, reaching $174.67. 8,125,070 shares of the company were exchanged, compared to its average volume of 7,662,494. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $153.10 and a fifty-two week high of $188.16. The stock’s fifty day moving average is $180.89 and its two-hundred day moving average is $175.64. The company has a market cap of $58.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).