Johnson Bixby & Associates LLC Has $7.95 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Johnson Bixby & Associates LLC lowered its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,408 shares of the company’s stock after selling 11,691 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.5% of Johnson Bixby & Associates LLC’s holdings, making the stock its 16th biggest position. Johnson Bixby & Associates LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RSP. SJS Investment Consulting Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $26,000. Salem Investment Counselors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $28,000. Core Wealth Advisors Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $38,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $44,000.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock traded up $2.66 during midday trading on Wednesday, reaching $168.78. The company had a trading volume of 5,999,156 shares, compared to its average volume of 6,472,448. The company has a market capitalization of $47.71 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. The stock has a 50 day moving average price of $161.09 and a 200-day moving average price of $151.82. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.34 and a 1-year high of $168.79.

Invesco S&P 500 Equal Weight ETF Company 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).