Invesco S&P 500 Equal Weight ETF $RSP is Money Concepts Capital Corp’s 9th Largest Position

Money Concepts Capital Corp increased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% during the third quarter, HoldingsChannel reports. The firm owned 134,828 shares of the company’s stock after acquiring an additional 2,876 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.6% of Money Concepts Capital Corp’s holdings, making the stock its 9th biggest position. Money Concepts Capital Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $25,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of RSP. North Peak Capital Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 227.3% in the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after purchasing an additional 2,453,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after buying an additional 1,103,629 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Invesco S&P 500 Equal Weight ETF by 119.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after buying an additional 1,102,322 shares during the period. Corient Private Wealth LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 303.3% in the 2nd quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after acquiring an additional 763,825 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 11.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after acquiring an additional 589,365 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $198.08 on Monday. The stock has a market cap of $82.80 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $200.78. The stock’s 50-day moving average is $194.38 and its two-hundred day moving average is $189.90.

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). 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.