Precedent Wealth Partners LLC Has $5.99 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Precedent Wealth Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,968 shares of the company’s stock after purchasing an additional 5,694 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 1.5% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 15th biggest 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 quarter.

Other large investors also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $25,000. Uniplan Investment Counsel Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $26,000. Richardson Capital Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $31,000. Finally, Howe & Rusling Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.4%

Invesco S&P 500 Equal Weight ETF stock opened at $191.25 on Friday. The company’s fifty day simple moving average is $187.22 and its 200-day simple moving average is $179.13. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $192.30. The stock has a market cap of $75.35 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).