Lake Street Advisors Group LLC Reduces Stake in Invesco S&P 500 Equal Weight ETF

Lake Street Advisors Group LLC has decreased its holding in the Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 36.5% during the third quarter, as reported in their latest 13F filing with the Securities and Exchange Commission. After selling 689 shares, the firm now owns 1,198 shares of this ETF, which were valued at approximately $215,000 at the close of the most recent reporting period.

Other institutional investors have also made changes to their positions in the Invesco S&P 500 Equal Weight ETF. For instance, SteelPeak Wealth LLC increased its stake by 37.0% in the first quarter, acquiring an additional 1,303 shares to own a total of 4,828 shares valued at around $818,000. Additionally, Panoramic Investment Advisors LLC raised its holdings by 20.0%, adding 535 shares to reach a total of 3,210 shares worth $544,000. Furthermore, Woodmont Investment Counsel LLC entered a new position in this ETF valued at approximately $178,000 during the first quarter.

Capital Advisors Ltd. LLC also boosted its stake by 2.5%, accumulating a total of 84,428 shares valued at $14.3 million after acquiring an additional 2,049 shares. Buffington Mohr McNeal expanded its holdings significantly by 43.2%, owning 37,913 shares worth about $6.42 million after adding 11,437 shares during the same period.

Current Market Status of Invesco S&P 500 Equal Weight ETF

As of Monday, shares of the Invesco S&P 500 Equal Weight ETF opened at $178.11. The ETF has seen a twelve-month low of $133.34 and a high of $182.22. Its 50-day moving average stands at $176.50, while the 200-day moving average is $169.29. The ETF has a market capitalization of $59.66 billion and a price-to-earnings ratio of 20.44, with a beta of 0.90.

About Invesco S&P 500 Equal Weight ETF

The Invesco S&P 500 Equal Weight ETF, previously known as the Rydex S&P 500 Equal Weight ETF, seeks to mirror the daily performance of the S&P 500 Equal Weight Index. This index includes 500 companies from the industrial, utility, transportation, and financial sectors in the United States markets, primarily pertaining to NYSE Euronext issues.

For those interested in tracking the latest movements of hedge funds in relation to this ETF or the stock market, online platforms can provide up-to-date 13F filings and insider actions.

investment, ETF, Invesco