Brookstone Capital Management Cuts Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Brookstone Capital Management decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 55.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,351 shares of the company’s stock after selling 2,888 shares during the quarter. Brookstone Capital Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in RSP. BB&T Securities LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 135.8% in the 2nd quarter. BB&T Securities LLC now owns 705,427 shares of the company’s stock worth $76,045,000 after purchasing an additional 406,317 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1,087.0% in the 2nd quarter. Western Wealth Management LLC now owns 206,710 shares of the company’s stock worth $21,429,000 after purchasing an additional 189,296 shares during the period. MML Investors Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 40.1% in the 2nd quarter. MML Investors Services LLC now owns 427,114 shares of the company’s stock worth $46,043,000 after purchasing an additional 122,185 shares during the period. Invesco Ltd. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 8.4% in the 2nd quarter. Invesco Ltd. now owns 1,182,590 shares of the company’s stock worth $127,483,000 after purchasing an additional 91,765 shares during the period. Finally, Financial Advocates Investment Management boosted its holdings in Invesco S&P 500 Equal Weight ETF by 146.6% during the 2nd quarter. Financial Advocates Investment Management now owns 141,346 shares of the company’s stock valued at $15,237,000 after acquiring an additional 84,023 shares during the period.

RSP opened at $108.67 on Wednesday. The business has a fifty day moving average of $107.53 and a 200 day moving average of $106.64. Invesco S&P 500 Equal Weight ETF has a 52-week low of $85.76 and a 52-week high of $110.25.

The firm also recently disclosed a — dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 24th were issued a dividend of $0.5201 per share. This represents a yield of 1.8%. The ex-dividend date was Monday, September 23rd.

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).

Read More: Leveraged Buyout (LBO)

Want to see what other hedge funds are holding RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP).

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

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