Axxcess Wealth Management LLC Has $3.38 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Axxcess Wealth Management LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 58.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,584 shares of the company’s stock after selling 26,070 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $26,000. Richardson Capital Management LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $31,000. Finally, Howe & Rusling Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 190.8% in the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after purchasing an additional 124 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $188.47 on Wednesday. The company has a market cap of $73.53 billion, a PE ratio of 20.10 and a beta of 1.05. The stock has a 50-day moving average of $187.85 and a 200-day moving average of $179.87. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.30.

Invesco S&P 500 Equal Weight ETF 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).