Precedent Wealth Partners LLC Buys 4,803 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Precedent Wealth Partners LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,771 shares of the company’s stock after purchasing an additional 4,803 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.6% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 15th largest position. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,165,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 46.5% during the second quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock valued at $21,244,000 after acquiring an additional 37,119 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 25.4% during the second quarter. Total Clarity Wealth Management Inc. now owns 4,304 shares of the company’s stock worth $782,000 after purchasing an additional 872 shares in the last quarter. Gilbert Capital Group Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $1,771,000. Quantbot Technologies LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $3,391,000. Finally, Corient Private Wealth LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 303.3% in the 2nd quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after purchasing an additional 763,825 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $193.54 on Tuesday. The business’s 50-day moving average is $189.49 and its 200 day moving average is $186.78. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $195.46. The firm has a market capitalization of $74.86 billion, a P/E ratio of 20.10 and a beta of 0.99.

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.