LM Advisors LLC Has $10.23 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

LM Advisors LLC lowered its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,312 shares of the company’s stock after selling 3,924 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 1.3% of LM Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. LM Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in 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 valued at $4,481,285,000 after acquiring an additional 1,103,629 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after purchasing an additional 589,365 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.9% in the first quarter. Cresset Asset Management LLC now owns 3,987,375 shares of the company’s stock valued at $690,733,000 after purchasing an additional 258,708 shares in the last quarter. Japan Science & Technology Agency acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth about $656,908,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.8% during the first quarter. Ameriprise Financial Inc. now owns 3,724,141 shares of the company’s stock worth $646,126,000 after buying an additional 65,243 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 Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $193.41 on Friday. The firm has a market cap of $74.81 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s 50 day simple moving average is $189.04 and its 200 day simple moving average is $185.98. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $195.47.

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).