Lazard Asset Management LLC Sells 7,400 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Lazard Asset Management LLC cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 83.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,500 shares of the company’s stock after selling 7,400 shares during the quarter. Lazard Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $288,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Family Manage LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 7,927.5% during the 1st quarter. Family Manage LLC now owns 64,782 shares of the company’s stock worth $12,433,000 after acquiring an additional 63,975 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 60.2% in the first quarter. Gateway Wealth Partners LLC now owns 64,713 shares of the company’s stock worth $12,420,000 after acquiring an additional 24,315 shares during the last quarter. Visualize Group LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth approximately $22,512,000. Royal Capital Wealth Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 56.7% during the first quarter. Royal Capital Wealth Management LLC now owns 5,045 shares of the company’s stock worth $968,000 after purchasing an additional 1,826 shares in the last quarter. Finally, Ameraudi Asset Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 20.9% during the first quarter. Ameraudi Asset Management Inc. now owns 17,332 shares of the company’s stock worth $3,326,000 after purchasing an additional 3,000 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $220.09 on Friday. The stock has a market capitalization of $99.46 billion, a P/E ratio of 20.10 and a beta of 0.91. The company’s 50 day simple moving average is $212.86 and its 200-day simple moving average is $204.46. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $221.09.

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.