GC Wealth Management RIA LLC Acquires 2,944 Shares of Invesco S&P 500 Equal Weight ETF $RSP

GC Wealth Management RIA LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.8% during the first quarter, HoldingsChannel reports. The firm owned 21,546 shares of the company’s stock after acquiring an additional 2,944 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,135,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Morgan Stanley increased its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 3.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after purchasing an additional 959,176 shares during the period. Invesco Ltd. boosted its stake in Invesco S&P 500 Equal Weight ETF by 4.6% in the 4th quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after purchasing an additional 444,846 shares during the period. State of Wisconsin Investment Board increased its holdings in Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after purchasing an additional 1,060,181 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock worth $1,051,080,000 after purchasing an additional 362,412 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $211.92 on Friday. The stock has a 50-day simple moving average of $210.29 and a 200 day simple moving average of $202.98. Invesco S&P 500 Equal Weight ETF has a 52-week low of $179.94 and a 52-week high of $216.37. The company has a market cap of $94.99 billion, a PE ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.