Redmont Wealth Advisors LLC Sells 2,494 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Redmont Wealth Advisors LLC trimmed its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,352 shares of the company’s stock after selling 2,494 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 12.3% of Redmont Wealth Advisors LLC’s holdings, making the stock its biggest position. Redmont Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,946,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares in the last quarter. US Bancorp DE lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the 2nd quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after acquiring an additional 1,990,537 shares during the period. Finally, Global Assets Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $284,337,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $181.33 on Friday. The stock has a market cap of $60.73 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $182.22. The stock’s 50 day moving average price is $175.14 and its 200 day moving average price is $168.72.

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).