Ellis Investment Partners LLC Sells 300 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Ellis Investment Partners LLC trimmed its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,187 shares of the company’s stock after selling 300 shares during the quarter. Ellis Investment Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after purchasing an additional 396,957 shares during the last quarter. Invesco Ltd. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.0% during the first quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after buying an additional 1,195,627 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 219.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after buying an additional 6,254,609 shares during the period. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 20.5% during the first quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock valued at $911,326,000 after buying an additional 894,245 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock valued at $876,058,000 after buying an additional 1,069,297 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.0%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $186.92 on Tuesday. The firm has a market cap of $72.93 billion, a P/E ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $192.30. The stock’s fifty day moving average price is $187.75 and its 200-day moving average price is $179.81.

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).