Private Client Services LLC Sells 30,298 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Private Client Services LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 64.0% during the third quarter, Holdings Channel.com reports. The fund owned 17,033 shares of the company’s stock after selling 30,298 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.1% of Private Client Services LLC’s holdings, making the stock its 24th biggest position. Private Client Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after purchasing an additional 1,103,629 shares during the period. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Equal Weight ETF by 11.7% during the second quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after buying an additional 589,365 shares in the last quarter. Japan Science & Technology Agency bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd 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 in the last quarter. Finally, Cerity Partners LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 24.0% in the 2nd quarter. Cerity Partners LLC now owns 1,701,457 shares of the company’s stock valued at $309,223,000 after acquiring an additional 329,842 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $192.88 on Monday. The company has a market cap of $74.61 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $195.46. The stock has a fifty day moving average price of $189.36 and a 200-day moving average price of $186.66.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.