Partnership Wealth Management LLC Sells 8,341 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Partnership Wealth Management LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 110,500 shares of the company’s stock after selling 8,341 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 16.3% of Partnership Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Partnership Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $22,986,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Highland Investment Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $26,000. Nalls Sherbakoff Group LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Brandywine Financial Group grew its stake in Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares in the last quarter. Hurley Capital LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period. Finally, Rogco LP purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock traded up $1.07 during mid-day trading on Monday, reaching $210.81. The company had a trading volume of 2,806,147 shares, compared to its average volume of 12,104,249. The company has a market capitalization of $96.67 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm has a fifty day simple moving average of $216.78 and a 200 day simple moving average of $209.06. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43.

About Invesco S&P 500 Equal Weight ETF

(Free Report)

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.

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Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).