CBIZ Investment Advisory Services LLC Has $49.14 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

CBIZ Investment Advisory Services LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.4% in the 4th quarter, HoldingsChannel reports. The firm owned 257,030 shares of the company’s stock after purchasing an additional 43,580 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 1.9% of CBIZ Investment Advisory Services LLC’s portfolio, making the stock its 8th largest holding. CBIZ Investment Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $49,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RSP. Varma Mutual Pension Insurance Co bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $327,184,000. Axxcess Wealth Management LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 5,593.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock worth $186,343,000 after purchasing an additional 955,677 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after purchasing an additional 635,369 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 622.2% in the fourth quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock worth $113,698,000 after purchasing an additional 511,351 shares in the last quarter. Finally, Endurance Services Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth $96,962,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $206.58 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $173.00 and a 1 year high of $206.97. The stock has a market cap of $89.12 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business has a fifty day moving average of $198.72 and a 200-day moving average of $196.64.

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.