Garden State Investment Advisory Services LLC Has $5.89 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Garden State Investment Advisory Services LLC lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,315 shares of the company’s stock after selling 6,000 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.5% of Garden State Investment Advisory Services LLC’s investment portfolio, making the stock its 12th largest position. Garden State Investment Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Japan Science & Technology Agency acquired a new position in Invesco S&P 500 Equal Weight ETF during the first quarter worth $656,908,000. North Peak Capital Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 227.3% in the 2nd quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after purchasing an additional 2,453,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after purchasing an additional 1,103,629 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after purchasing an additional 1,102,322 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position 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. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7%

Shares of RSP stock opened at $193.41 on Friday. The company has a market capitalization of $74.81 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $195.47. The firm has a 50-day moving average price of $189.04 and a 200 day moving average price of $185.98.

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).