Invesco S&P 500 Equal Weight ETF $RSP Stock Holdings Cut by LeConte Wealth Management LLC

LeConte Wealth Management LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 125,107 shares of the company’s stock after selling 18,747 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 15.8% of LeConte Wealth Management LLC’s investment portfolio, making the stock its biggest position. LeConte Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,733,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Realta Investment Advisors raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 15.5% in the 2nd quarter. Realta Investment Advisors now owns 410 shares of the company’s stock valued at $75,000 after acquiring an additional 55 shares during the period. Fusion Capital LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% during the 2nd quarter. Fusion Capital LLC now owns 2,564 shares of the company’s stock worth $466,000 after purchasing an additional 56 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 5,502 shares of the company’s stock valued at $1,000,000 after purchasing an additional 64 shares during the last quarter. Ehrlich Financial Group increased its holdings in Invesco S&P 500 Equal Weight ETF by 1.4% in the 2nd quarter. Ehrlich Financial Group now owns 4,792 shares of the company’s stock valued at $871,000 after purchasing an additional 65 shares during the last quarter. Finally, HBK Sorce Advisory LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.3% in the second quarter. HBK Sorce Advisory LLC now owns 26,315 shares of the company’s stock valued at $4,782,000 after purchasing an additional 67 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Up 0.0%

NYSEARCA:RSP opened at $193.84 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $195.46. The stock’s fifty day moving average is $189.93 and its two-hundred day moving average is $187.08. The stock has a market capitalization of $74.98 billion, a price-to-earnings 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). 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.