Invesco S&P 500 Equal Weight ETF $RSP is LeConte Wealth Management LLC’s Largest Position

LeConte Wealth Management LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,107 shares of the company’s stock after selling 18,747 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 15.8% of LeConte Wealth Management LLC’s investment portfolio, making the stock its biggest position. LeConte Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth about $25,000. Uniplan Investment Counsel Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $26,000. Investment Counsel Co. of Nevada acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $29,000. Tompkins Financial Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $32,000. Finally, Howe & Rusling Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the 1st quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares during 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

RSP stock opened at $193.84 on Friday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $195.46. The firm has a market cap of $74.98 billion, a PE ratio of 20.10 and a beta of 0.99. The firm’s 50 day moving average price is $189.93 and its 200-day moving average price is $187.08.

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.