Sequent Planning LLC Boosts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Sequent Planning LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 247.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,670 shares of the company’s stock after buying an additional 2,615 shares during the quarter. Sequent Planning LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $703,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after buying an additional 635,369 shares in the last quarter. Phoenix Financial Ltd. lifted its stake in Invesco S&P 500 Equal Weight ETF by 13.8% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after buying an additional 214,432 shares in the last quarter. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $327,184,000. Focus Partners Wealth lifted its stake in Invesco S&P 500 Equal Weight ETF by 13.2% in the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock valued at $245,646,000 after buying an additional 150,899 shares in the last quarter. Finally, Trust Co of Tennessee lifted its stake in Invesco S&P 500 Equal Weight ETF by 2.4% in the 4th quarter. Trust Co of Tennessee now owns 797,760 shares of the company’s stock valued at $152,812,000 after buying an additional 18,986 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $201.56 on Monday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $173.00 and a fifty-two week high of $205.53. The firm has a market cap of $86.95 billion, a PE ratio of 20.10 and a beta of 0.92. The business’s fifty day moving average is $197.89 and its two-hundred day moving average is $195.95.

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.