Invesco S&P 500 Equal Weight ETF $RSP Stock Position Lifted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 26.8% during the third quarter, Holdings Channel.com reports. The firm owned 12,628 shares of the company’s stock after buying an additional 2,667 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,396,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of RSP. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after acquiring an additional 589,365 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of 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 in the last quarter. Cerity Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after acquiring an additional 54,925 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,689,136 shares of the company’s stock valued at $306,984,000 after acquiring an additional 4,350 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $196.46 on Friday. The company has a market capitalization of $77.44 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $197.48. The business has a 50 day moving average price of $190.63 and a two-hundred day moving average price of $188.06.

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.