Kelleher Financial Advisors Raises Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Kelleher Financial Advisors grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 206.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 66,281 shares of the company’s stock after purchasing an additional 44,636 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up 3.1% of Kelleher Financial Advisors’ holdings, making the stock its 6th largest holding. Kelleher Financial Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $12,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 1,103,629 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 589,365 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd 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 last quarter. Phoenix Financial Ltd. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after buying an additional 214,432 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock worth $333,186,000 after buying an additional 54,925 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 1.2%

NYSEARCA RSP opened at $198.15 on Friday. The firm has a market capitalization of $82.17 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm’s fifty day moving average price is $199.53 and its two-hundred day moving average price is $192.88. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24.

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). 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.