Traphagen Investment Advisors LLC Has $280,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Traphagen Investment Advisors LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,563 shares of the company’s stock after selling 311 shares during the period. Traphagen Investment Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Fairman Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $27,000. DHJJ Financial Advisors Ltd. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 107.5% in the second quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 100 shares during the period. Creekmur Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 86.5% during the first quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 90 shares during the last quarter. Central Bank & Trust Co. bought a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $36,000. Finally, VitalStone Financial LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 46.0% during the 3rd quarter. VitalStone Financial LLC now owns 235 shares of the company’s stock worth $42,000 after acquiring an additional 74 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP traded down $1.44 during midday trading on Tuesday, reaching $178.88. The company’s stock had a trading volume of 1,222,156 shares, compared to its average volume of 6,083,985. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $182.22. The firm has a 50 day moving average price of $175.73 and a two-hundred day moving average price of $168.94. The firm has a market capitalization of $59.91 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).