Investment Planning Advisors Inc. Sells 144 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Investment Planning Advisors Inc. lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,164 shares of the company’s stock after selling 144 shares during the quarter. Investment Planning Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ironwood Wealth Management LLC. grew its position in Invesco S&P 500 Equal Weight ETF by 10.5% during the second quarter. Ironwood Wealth Management LLC. now owns 24,282 shares of the company’s stock worth $3,989,000 after buying an additional 2,317 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth approximately $1,298,000. Thrivent Financial for Lutherans raised its stake in Invesco S&P 500 Equal Weight ETF by 24.8% in the second quarter. Thrivent Financial for Lutherans now owns 16,307 shares of the company’s stock valued at $2,679,000 after purchasing an additional 3,237 shares in the last quarter. AQR Capital Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 149.3% during the second quarter. AQR Capital Management LLC now owns 20,882 shares of the company’s stock valued at $3,430,000 after purchasing an additional 12,507 shares during the last quarter. Finally, Magnolia Capital Advisors LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 249.1% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 14,454 shares of the company’s stock worth $2,375,000 after buying an additional 10,314 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $182.31 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $155.79 and a one year high of $188.16. The firm has a market capitalization of $61.06 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The company’s fifty day moving average price is $180.39 and its 200-day moving average price is $176.74.

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).