Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Sold by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC reduced its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,761 shares of the company’s stock after selling 2,190 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.9% of BlueChip Wealth Advisors LLC’s portfolio, making the stock its 9th biggest holding. BlueChip Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,216,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock worth $25,000 after acquiring an additional 88 shares in the last quarter. FPC Investment Advisory Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $28,000. Van ECK Associates Corp boosted its position in Invesco S&P 500 Equal Weight ETF by 105.4% during the fourth quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares in the last quarter. Cambridge Financial Group Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $28,000. Finally, Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $29,000.

Invesco S&P 500 Equal Weight ETF Stock Down 1.5 %

NYSEARCA:RSP opened at $171.80 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The stock has a fifty day simple moving average of $178.34 and a 200-day simple moving average of $179.10. The company has a market capitalization of $71.57 billion, a PE ratio of 20.93 and a beta of 1.07.

Invesco S&P 500 Equal Weight ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.8308 per share. The ex-dividend date of this dividend was Monday, March 24th.

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).