Invesco S&P 500 Equal Weight ETF $RSP Shares Bought by Paladin Wealth LLC

Paladin Wealth LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,338 shares of the company’s stock after purchasing an additional 316 shares during the period. Paladin Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $788,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after acquiring an additional 396,957 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after acquiring an additional 1,195,627 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 219.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after acquiring an additional 6,254,609 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 20.5% during the 1st quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock worth $911,326,000 after acquiring an additional 894,245 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after acquiring an additional 1,069,297 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7%

RSP stock opened at $188.96 on Monday. The company’s 50-day simple moving average is $185.95 and its 200-day simple moving average is $177.69. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $190.54. The firm has a market cap of $74.91 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).