Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.6% during the third quarter, HoldingsChannel reports. The fund owned 79,167 shares of the company’s stock after buying an additional 6,917 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 8.6% of Jacksonville Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Jacksonville Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $16,468,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RSP. Bank of America Corp DE increased its stake in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the second quarter valued at $400,736,000. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $155,449,000. Rokos Capital Management LLP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $134,688,000. Finally, Quantum Portfolio Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $104,325,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Trading Up 1.9%

Shares of NYSEARCA:RSP opened at $223.33 on Thursday. The business has a 50-day moving average price of $214.99 and a 200 day moving average price of $208.08. The company has a market capitalization of $102.98 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.50.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.