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

Dumont & Blake Investment Advisors LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 50.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,790 shares of the company’s stock after selling 97,758 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 4.6% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 3rd largest holding. Dumont & Blake Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $17,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tran Capital Management L.P. bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $434,000. Destination Wealth Management lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.1% in the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock valued at $328,000 after purchasing an additional 96 shares during the period. Courage Miller Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% in the 2nd quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock valued at $7,704,000 after purchasing an additional 273 shares during the period. Brookstone Capital Management boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 13.5% during the first quarter. Brookstone Capital Management now owns 40,069 shares of the company’s stock valued at $6,786,000 after purchasing an additional 4,772 shares in the last quarter. Finally, Roberts Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $470,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3 %

Invesco S&P 500 Equal Weight ETF stock traded up $0.58 on Friday, hitting $179.54. 103,185 shares of the stock traded hands, compared to its average volume of 6,052,040. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $182.22. The firm has a market cap of $60.14 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s fifty day simple moving average is $176.18 and its 200 day simple moving average is $169.10.

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).