Invesco S&P 500 Equal Weight ETF $RSP Shares Purchased by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,968 shares of the company’s stock after purchasing an additional 5,694 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 1.5% of Precedent Wealth Partners LLC’s portfolio, making the stock its 15th largest holding. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,992,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RSP. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Bison Wealth LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.1% in the first quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock valued at $2,639,000 after buying an additional 873 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 65.3% in the first quarter. Merit Financial Group LLC now owns 14,258 shares of the company’s stock valued at $2,470,000 after buying an additional 5,635 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $191.25 on Friday. The stock has a market capitalization of $75.35 billion, a P/E ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.30. The business’s fifty day moving average is $187.22 and its two-hundred day moving average is $179.13.

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).