Acorn Wealth Advisors LLC Trims Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Acorn Wealth Advisors LLC lessened its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,621 shares of the company’s stock after selling 976 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.0% of Acorn Wealth Advisors LLC’s holdings, making the stock its 23rd biggest position. Acorn Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,440,000 as of its most recent SEC filing.

Other hedge funds 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 during the 3rd quarter valued at about $28,000. GHP Investment Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $29,000. Richardson Financial Services Inc. raised 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 buying an additional 83 shares during the period. Finally, Bristlecone Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $33,000.

Invesco S&P 500 Equal Weight ETF Trading Up 1.1 %

Shares of Invesco S&P 500 Equal Weight ETF stock traded up $1.99 during trading hours on Monday, reaching $187.52. The stock had a trading volume of 1,693,670 shares, compared to its average volume of 6,059,031. The firm has a 50 day simple moving average of $179.66 and a two-hundred day simple moving average of $172.00. The firm has a market capitalization of $62.81 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 $146.09 and a 1 year high of $187.68.

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).