Milestone Investment Advisors LLC Cuts Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Milestone Investment Advisors LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,669 shares of the company’s stock after selling 314 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.5% of Milestone Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Milestone Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalina Capital Group LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 10.2% during the 3rd quarter. Catalina Capital Group LLC now owns 19,056 shares of the company’s stock valued at $3,414,000 after buying an additional 1,757 shares during the last quarter. Avidian Wealth Enterprises LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the third quarter. Avidian Wealth Enterprises LLC now owns 17,813 shares of the company’s stock valued at $3,191,000 after acquiring an additional 203 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 8.1% in the third quarter. Beacon Financial Advisory LLC now owns 6,457 shares of the company’s stock valued at $1,157,000 after acquiring an additional 485 shares during the period. JFG Wealth Management LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $295,000. Finally, Focused Wealth Management Inc grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Focused Wealth Management Inc now owns 72,628 shares of the company’s stock valued at $13,012,000 after purchasing an additional 279 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 1.2 %

Shares of NYSEARCA:RSP opened at $178.67 on Wednesday. The firm’s 50 day moving average price is $177.16 and its 200-day moving average price is $170.13. The stock has a market capitalization of $59.84 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $139.03 and a twelve month high of $182.22.

Invesco S&P 500 Equal Weight ETF 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).