Ropes Wealth Advisors LLC Has $443,000 Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Ropes Wealth Advisors LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,112 shares of the company’s stock after selling 1,850 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RSP. Horizon Investments LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 226.8% during the first quarter. Horizon Investments LLC now owns 991,774 shares of the company’s stock worth $103,581,000 after acquiring an additional 688,268 shares in the last quarter. SPC Financial Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 451.9% during the first quarter. SPC Financial Inc. now owns 689,530 shares of the company’s stock worth $72,015,000 after acquiring an additional 564,600 shares in the last quarter. Hartz Capital Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $54,202,000. Hengehold Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $41,636,000. Finally, Shufro Rose & Co. LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 188.1% during the first quarter. Shufro Rose & Co. LLC now owns 601,128 shares of the company’s stock worth $62,782,000 after acquiring an additional 392,452 shares in the last quarter.

Shares of NYSEARCA:RSP traded down $1.12 during midday trading on Wednesday, hitting $103.17. 127,045 shares of the stock were exchanged, compared to its average volume of 784,772. The business’s 50-day simple moving average is $108.02. Invesco S&P 500 Equal Weight ETF has a 12 month low of $85.76 and a 12 month high of $110.24.

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).

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Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

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