Taylor & Morgan Wealth Management LLC Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Taylor & Morgan Wealth Management LLC lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,288 shares of the company’s stock after selling 317 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 3.6% of Taylor & Morgan Wealth Management LLC’s holdings, making the stock its 8th biggest position. Taylor & Morgan Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,323,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strategic Family Wealth Counselors L.L.C. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the first quarter. Strategic Family Wealth Counselors L.L.C. now owns 53,961 shares of the company’s stock valued at $9,348,000 after purchasing an additional 1,320 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21.9% in the first quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock valued at $474,000 after purchasing an additional 492 shares in the last quarter. Rhumbline Advisers lifted 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 purchasing an additional 873 shares in the last quarter. Biltmore Family Office LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.7% in the first quarter. Biltmore Family Office LLC now owns 66,933 shares of the company’s stock valued at $11,595,000 after purchasing an additional 11,477 shares in the last quarter. Finally, Farmers Trust Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 16.3% in the first quarter. Farmers Trust Co. now owns 9,516 shares of the company’s stock valued at $1,648,000 after purchasing an additional 1,332 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

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

RSP stock opened at $188.96 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $190.54. The stock’s 50 day moving average is $185.95 and its 200-day moving average is $177.70. The firm has a market capitalization of $74.91 billion, a PE 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).