Partnership Wealth Management LLC Has $25.29 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Partnership Wealth Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.0% during the second quarter, HoldingsChannel.com reports. The fund owned 118,841 shares of the company’s stock after purchasing an additional 3,454 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 17.1% of Partnership Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Partnership Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $25,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RSP. Charis Legacy Partners LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.5% in the second quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after purchasing an additional 49 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.5% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after buying an additional 51 shares during the period. Ballast Rock Private Wealth LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.8% in the 1st quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after buying an additional 51 shares during the period. Boston Standard Wealth Management LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.7% in the 2nd quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock valued at $431,000 after buying an additional 53 shares in the last quarter. Finally, SFM LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 2nd quarter. SFM LLC now owns 4,443 shares of the company’s stock valued at $945,000 after buying an additional 53 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.2%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $220.69 on Wednesday. The stock’s fifty day simple moving average is $213.29 and its 200 day simple moving average is $204.82. The company has a market capitalization of $99.73 billion, a PE ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $221.23.

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.