Concurrent Investment Advisors LLC Has $12.14 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Concurrent Investment Advisors LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,783 shares of the company’s stock after selling 3,546 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its holdings in Invesco S&P 500 Equal Weight ETF by 35.9% during the 1st quarter. Rehmann Capital Advisory Group now owns 2,448 shares of the company’s stock valued at $415,000 after purchasing an additional 647 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 386.4% during the first quarter. Larson Financial Group LLC now owns 856 shares of the company’s stock worth $145,000 after purchasing an additional 680 shares during the period. Team Hewins LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $268,000. SPC Financial Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 45.0% during the 1st quarter. SPC Financial Inc. now owns 429,719 shares of the company’s stock worth $72,782,000 after purchasing an additional 133,340 shares in the last quarter. Finally, Howland Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $423,000.

Invesco S&P 500 Equal Weight ETF Stock Up 1.6 %

Shares of NYSEARCA:RSP traded up $2.91 during trading on Wednesday, hitting $181.58. 3,569,162 shares of the company were exchanged, compared to its average volume of 6,017,973. Invesco S&P 500 Equal Weight ETF has a 1-year low of $139.03 and a 1-year high of $183.38. The company has a market capitalization of $60.82 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s 50 day moving average is $177.16 and its 200-day moving average is $170.13.

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).