Granite Bay Wealth Management LLC Has $31.26 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Granite Bay Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,763 shares of the company’s stock after acquiring an additional 17,701 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 8.1% of Granite Bay Wealth Management LLC’s holdings, making the stock its 3rd largest position. Granite Bay Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $31,256,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd 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. increased its holdings 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 during the last quarter. Japan Science & Technology Agency bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Invesco S&P 500 Equal Weight ETF by 119.1% in the second 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 during the last quarter. Finally, Cerity Partners LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 24.0% in the second 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 during the last quarter. 61.18% of the stock is currently owned by institutional investors.

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

Shares of RSP stock opened at $193.79 on Thursday. The firm has a market cap of $74.96 billion, a P/E ratio of 20.10 and a beta of 0.99. The company has a 50 day moving average of $189.68 and a 200-day moving average of $186.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $195.46.

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). 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.