Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Partnership Wealth Management LLC’s 8th Largest Position

Partnership Wealth Management LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,379 shares of the company’s stock after selling 10,023 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.3% of Partnership Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Partnership Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after buying an additional 18,390,083 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 48.9% during the 1st 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 in the last quarter. Strategic Financial Concepts LLC increased its holdings in 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 buying an additional 6,352,369 shares in the last quarter. LPL Financial LLC increased its stake in shares of 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 in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after purchasing an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0 %

Shares of RSP stock opened at $177.62 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $179.94. The business’s 50 day moving average is $173.21 and its two-hundred day moving average is $168.12. The company has a market capitalization of $59.49 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).