Integrated Wealth Concepts LLC Decreases Position in Invesco S&P 500 Equal Weight ETF $RSP

Integrated Wealth Concepts LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,094 shares of the company’s stock after selling 8,338 shares during the period. Integrated Wealth Concepts LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $48,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $83,931,000. Bison Wealth LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $11,553,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $279,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP stock opened at $216.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The company has a market cap of $97.94 billion, a P/E ratio of 20.10 and a beta of 0.91. The firm has a 50-day moving average of $217.41 and a 200 day moving average of $207.62.

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.