HighTower Advisors LLC Has $256.93 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

HighTower Advisors LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% in the third quarter, HoldingsChannel.com reports. The firm owned 1,354,361 shares of the company’s stock after selling 17,433 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $256,925,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after acquiring an additional 1,103,629 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after purchasing an additional 589,365 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after purchasing an additional 1,102,322 shares during the last quarter. Phoenix Financial Ltd. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 13.8% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock worth $335,472,000 after buying an additional 214,432 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock worth $333,186,000 after buying an additional 54,925 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP opened at $202.87 on Friday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24. The firm has a market capitalization of $84.13 billion, a P/E ratio of 20.10 and a beta of 0.99. The company’s 50 day simple moving average is $196.54 and its 200 day simple moving average is $190.94.

Invesco S&P 500 Equal Weight ETF 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). 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.