Gateway Advisory LLC Sells 93,311 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Gateway Advisory LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 97.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,372 shares of the company’s stock after selling 93,311 shares during the quarter. Gateway Advisory LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $355,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 7,500.0% during the 2nd quarter. Venturi Wealth Management LLC now owns 3,040 shares of the company’s stock valued at $455,000 after acquiring an additional 3,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 7,807 shares of the company’s stock worth $1,129,000 after purchasing an additional 1,042 shares during the last quarter. Atlas Private Wealth Advisors increased its stake in Invesco S&P 500 Equal Weight ETF by 408.0% in the 2nd quarter. Atlas Private Wealth Advisors now owns 70,195 shares of the company’s stock worth $10,504,000 after buying an additional 56,378 shares during the period. Fiduciary Alliance LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $62,000. Finally, AJ Wealth Strategies LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1,026.3% during the 2nd quarter. AJ Wealth Strategies LLC now owns 302,943 shares of the company’s stock valued at $45,332,000 after purchasing an additional 276,046 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5 %

Shares of RSP traded up $0.70 during mid-day trading on Friday, hitting $145.49. The company’s stock had a trading volume of 5,027,540 shares, compared to its average volume of 4,620,899. The company’s 50-day moving average is $141.28 and its 200-day moving average is $145.41. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $155.77. The firm has a market capitalization of $41.13 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05.

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).