KPP Advisory Services LLC Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

KPP Advisory Services LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,380 shares of the company’s stock after selling 270 shares during the quarter. KPP Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,870,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Sandy Cove Advisors LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $222,000. Riversedge Advisors LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the 3rd quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock worth $22,471,000 after acquiring an additional 7,883 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 39.6% in the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after acquiring an additional 173 shares during the period. Montis Financial LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after acquiring an additional 21,202 shares during the period. Finally, Captrust Financial Advisors increased its stake in Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock valued at $23,455,000 after purchasing an additional 2,206 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $181.24 on Monday. The company has a market cap of $60.70 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a one year low of $155.79 and a one year high of $188.16. The business’s fifty day moving average is $180.27 and its two-hundred day moving average is $177.13.

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).