Howard Financial Services LTD. Reduces Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Howard Financial Services LTD. reduced its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,095 shares of the company’s stock after selling 2,693 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 5.3% of Howard Financial Services LTD.’s investment portfolio, making the stock its 3rd biggest holding. Howard Financial Services LTD.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $36,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after purchasing an additional 6,352,369 shares during the period. JPMorgan Chase & Co. raised its position 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 valued at $1,201,600,000 after purchasing an additional 2,328,560 shares during the period. US Bancorp DE raised its position in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after purchasing an additional 1,990,537 shares during the period. Finally, Global Assets Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $284,337,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $177.62 on Wednesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $179.94. The firm has a market capitalization of $59.49 billion, a PE ratio of 20.44 and a beta of 0.90. The company’s 50-day moving average is $173.21 and its 200-day moving average is $168.12.

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).