Private Wealth Group LLC Has $12.29 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Private Wealth Group LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 57,736 shares of the company’s stock after purchasing an additional 10,587 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.7% of Private Wealth Group LLC’s portfolio, making the stock its 5th largest position. Private Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $12,285,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Morgan Stanley increased its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock worth $6,004,682,000 after buying an additional 2,285,526 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after buying an additional 959,176 shares during the period. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after buying an additional 3,567,441 shares during the period. Invesco Ltd. boosted its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock valued at $1,943,335,000 after acquiring an additional 444,846 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after acquiring an additional 1,060,181 shares during the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.7%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $220.09 on Friday. The business has a 50-day moving average price of $212.86 and a two-hundred day moving average price of $204.46. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $221.09. The company has a market cap of $99.46 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.