Invesco S&P 500 Equal Weight ETF $RSP Stock Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,157 shares of the company’s stock after buying an additional 13,986 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 1.4% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 18th biggest position. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,394,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after acquiring an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $400,736,000. Eastern Bank acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $155,449,000. Rokos Capital Management LLP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $134,688,000. Finally, Quantum Portfolio Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $104,325,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

NYSEARCA RSP opened at $218.22 on Friday. The stock has a market capitalization of $100.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43. The stock has a 50-day moving average of $215.40 and a 200 day moving average of $211.19.

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.