Clear Wave Wealth Management LLC Sells 3,851 Shares of Invesco S&P 500 Equal Weight ETF $RSP

by · The Markets Daily

Clear Wave Wealth Management LLC reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,808 shares of the company’s stock after selling 3,851 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 4.5% of Clear Wave Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Clear Wave Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 223.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,147 shares of the company’s stock valued at $240,000 after purchasing an additional 792 shares during the period. GreatBanc Trust CO acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $317,000. Bryn Mawr Trust Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 7.0% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 53,479 shares of the company’s stock worth $11,125,000 after purchasing an additional 3,518 shares during the last quarter. Carret Asset Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 4.7% during the third quarter. Carret Asset Management LLC now owns 31,934 shares of the company’s stock worth $6,643,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Edgemoor Investment Advisors Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $230,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 2.3%

NYSEARCA:RSP opened at $220.95 on Tuesday. The company has a market cap of $103.04 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm’s 50 day moving average is $214.79 and its two-hundred day moving average is $208.37. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $224.20.

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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