Avestar Capital LLC Has $2.35 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Avestar Capital LLC lessened its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% in the third quarter, HoldingsChannel reports. The fund owned 13,123 shares of the company’s stock after selling 377 shares during the period. Avestar Capital LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,351,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 855.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after purchasing an additional 18,390,083 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after buying an additional 6,352,369 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock valued at $732,879,000 after buying an additional 354,184 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after buying an additional 11,263 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Invesco S&P 500 Equal Weight ETF by 174.6% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after acquiring an additional 1,488,000 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $187.21 on Tuesday. The stock has a market capitalization of $62.70 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $146.09 and a fifty-two week high of $187.99. The business has a fifty day moving average price of $179.88 and a two-hundred day moving average price of $172.15.

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).