Schnieders Capital Management LLC Trims Stake in Invesco S&P 500 Equal Weight ETF $RSP

Schnieders Capital Management LLC lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,308 shares of the company’s stock after selling 125 shares during the quarter. Schnieders Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after purchasing an additional 396,957 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.0% in the first quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after purchasing an additional 1,195,627 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 219.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after purchasing an additional 6,254,609 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 20.5% in the first quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock worth $911,326,000 after purchasing an additional 894,245 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after purchasing an additional 1,069,297 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

NYSEARCA RSP opened at $188.01 on Monday. The company’s 50-day moving average price is $188.16 and its 200-day moving average price is $180.26. The stock has a market cap of $72.67 billion, a PE ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $192.30.

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).