Concorde Asset Management LLC Sells 1,582 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Concorde Asset Management LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 53.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,352 shares of the company’s stock after selling 1,582 shares during the period. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Hall Kathryn A. boosted its stake in Invesco S&P 500 Equal Weight ETF by 36.2% during the second quarter. Hall Kathryn A. now owns 68,632 shares of the company’s stock valued at $11,275,000 after buying an additional 18,227 shares during the last quarter. Soundwatch Capital LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $1,071,000. Paces Ferry Wealth Advisors LLC raised its position in Invesco S&P 500 Equal Weight ETF by 4.1% during the second quarter. Paces Ferry Wealth Advisors LLC now owns 19,335 shares of the company’s stock valued at $3,176,000 after purchasing an additional 768 shares during the period. Hsbc Holdings PLC raised its position in Invesco S&P 500 Equal Weight ETF by 69.6% during the second quarter. Hsbc Holdings PLC now owns 190,213 shares of the company’s stock valued at $31,278,000 after purchasing an additional 78,065 shares during the period. Finally, Waterloo Capital L.P. raised its position in Invesco S&P 500 Equal Weight ETF by 5.9% during the second quarter. Waterloo Capital L.P. now owns 100,713 shares of the company’s stock valued at $16,545,000 after purchasing an additional 5,631 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $178.09 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $178.82. The stock’s 50 day simple moving average is $170.98 and its two-hundred day simple moving average is $166.95. The company has a market cap of $59.65 billion, a PE ratio of 20.44 and a beta of 0.90.

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).