Berman McAleer LLC Acquires New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Berman McAleer LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 64,785 shares of the company’s stock, valued at approximately $12,290,000. Invesco S&P 500 Equal Weight ETF comprises about 1.7% of Berman McAleer LLC’s investment portfolio, making the stock its 15th largest position.

Several other large investors also recently made changes to their positions in RSP. North Peak Capital Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 227.3% during 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 purchasing an additional 2,453,262 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after purchasing an additional 1,103,629 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in 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 worth $368,487,000 after buying an additional 1,102,322 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 303.3% in the 2nd quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after acquiring an additional 763,825 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 valued at $1,026,206,000 after purchasing an additional 589,365 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

Shares of RSP opened at $198.08 on Friday. The company has a 50-day moving average of $194.38 and a two-hundred day moving average of $189.80. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $200.78. The stock has a market cap of $82.87 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99.

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). 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.