Black Diamond Financial LLC Lowers Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Black Diamond Financial LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,534 shares of the company’s stock after selling 3,379 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.3% of Black Diamond Financial LLC’s portfolio, making the stock its 22nd biggest position. Black Diamond Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Financial Concepts LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 21,084.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock worth $1,487,984,000 after purchasing an additional 8,451,521 shares during the last quarter. LPL Financial LLC raised 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 worth $732,879,000 after purchasing an additional 354,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock worth $436,792,000 after purchasing an additional 98,000 shares during the last quarter. Citigroup Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 10.6% in the third quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock worth $373,069,000 after purchasing an additional 198,793 shares during the last quarter. Finally, Lbmc Investment Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the fourth quarter. Lbmc Investment Advisors LLC now owns 1,342,693 shares of the company’s stock worth $235,280,000 after purchasing an additional 4,262 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 1.4 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $179.82 on Monday. The company has a market cap of $60.23 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16. The business has a 50 day moving average price of $178.93 and a 200-day moving average price of $178.55.

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).