Harmony Asset Management LLC Trims Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Harmony Asset Management LLC decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,727 shares of the company’s stock after selling 662 shares during the period. Harmony Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $777,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after purchasing an additional 6,352,369 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $671,392,000. LPL Financial LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% in the 2nd quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after purchasing an additional 11,263 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $177.44 on Monday. The company has a market capitalization of $59.43 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $178.82. The business’s fifty day moving average is $171.16 and its 200 day moving average is $167.09.

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).