Horizon Wealth Management LLC Sells 245,451 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Horizon Wealth Management LLC decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 89.7% during the 4th quarter, Holdings Channel reports. The fund owned 28,092 shares of the company’s stock after selling 245,451 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 0.9% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. 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 reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. GHP Investment Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $29,000. Richardson Financial Services Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP traded up $1.42 on Monday, reaching $174.67. The company had a trading volume of 8,125,070 shares, compared to its average volume of 7,662,494. The company’s fifty day moving average is $180.89 and its 200-day moving average is $175.64. The firm has a market capitalization 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 has a 1-year low of $153.10 and a 1-year high of $188.16.

About Invesco S&P 500 Equal Weight ETF

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).