Horizon Wealth Management LLC Has $5.13 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Horizon Wealth Management LLC decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,237 shares of the company’s stock after selling 874 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 0.9% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Horizon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,132,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RSP. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $26,000. Howe & Rusling Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after acquiring an additional 124 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $34,000. Finally, Olde Wealth Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth about $37,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $188.33 on Thursday. The business has a 50 day moving average of $188.90 and a 200-day moving average of $182.02. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.33. The company has a market capitalization of $72.72 billion, a P/E ratio of 20.10 and a beta of 0.99.

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).