LM Advisors LLC Has $10.23 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

LM Advisors LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 56,312 shares of the company’s stock after selling 3,924 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 1.3% of LM Advisors LLC’s holdings, making the stock its 14th biggest holding. LM Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,234,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Japan Science & Technology Agency acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $656,908,000. North Peak Capital Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 227.3% in the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after buying an additional 2,453,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after buying an additional 1,103,629 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after buying an additional 1,102,322 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 acquiring an additional 589,365 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $193.41 on Friday. The company has a fifty day moving average price of $189.04 and a two-hundred day moving average price of $185.98. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $195.47. The stock has a market cap of $74.81 billion, a P/E ratio of 20.10 and a beta of 0.99.

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).