Lbmc Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,336,510 shares of the company’s stock after purchasing an additional 6,770 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 16.2% of Lbmc Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Lbmc Investment Advisors LLC owned 0.34% of Invesco S&P 500 Equal Weight ETF worth $253,536,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after acquiring an additional 589,365 shares during the period. Japan Science & Technology Agency acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $656,908,000. Ameriprise Financial Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 3,724,141 shares of the company’s stock valued at $646,126,000 after acquiring an additional 65,243 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Invesco S&P 500 Equal Weight ETF by 119.1% in the second 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 acquiring an additional 1,102,322 shares during the period. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Down 0.3%
Shares of RSP opened at $191.77 on Thursday. The company has a 50-day moving average price of $189.15 and a two-hundred day moving average price of $186.38. The stock has a market cap of $74.18 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $195.46.
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).
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