Benchmark Financial Wealth Advisors LLC Cuts Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Benchmark Financial Wealth Advisors LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,290 shares of the company’s stock after selling 698 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.7% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Benchmark Financial Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SJS Investment Consulting Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 157.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after acquiring an additional 88 shares in the last quarter. Eastern Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $28,000. Richardson Financial Services Inc. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. GHP Investment Advisors Inc. grew 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 buying an additional 72 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $29,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $181.35 on Thursday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $156.16 and a fifty-two week high of $188.16. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock’s 50-day simple moving average is $180.00 and its 200-day simple moving average is $177.34.

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).