Moran Wealth Management LLC Has $31.86 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Moran Wealth Management LLC lessened its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 175,294 shares of the company’s stock after selling 363 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.0% of Moran Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Moran Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $31,858,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RSP. Brighton Jones LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after buying an additional 246 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $83,931,000. Bison Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares in the last quarter. Rhumbline Advisers raised its position in shares of Invesco S&P 500 Equal Weight ETF by 6.1% in the 1st quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock worth $2,639,000 after acquiring an additional 873 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 21.9% in the 1st quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after acquiring an additional 492 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $186.92 on Tuesday. The business has a 50 day simple moving average of $187.75 and a 200 day simple moving average of $179.81. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30. The stock has a market capitalization of $72.93 billion, a P/E ratio of 20.10 and a beta of 1.05.

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).