Jacksonville Wealth Management LLC Has $10.75 Million Position in Invesco S&P 500 Equal Weight ETF $RSP

Jacksonville Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,658 shares of the company’s stock after buying an additional 3,654 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 7.9% of Jacksonville Wealth Management LLC’s holdings, making the stock its 4th largest position. Jacksonville Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RSP. Investment Counsel Co. of Nevada acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $29,000. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $32,000. Cloud Capital Management LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $35,000. GoalVest Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at $34,000. Finally, Copia Wealth Management raised its stake in Invesco S&P 500 Equal Weight ETF by 335.8% during the 3rd quarter. Copia Wealth Management now owns 231 shares of the company’s stock worth $44,000 after buying an additional 178 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

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

RSP stock opened at $198.08 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $200.78. The firm has a market cap of $82.87 billion, a PE ratio of 20.10 and a beta of 0.99. The business’s 50-day moving average price is $194.38 and its two-hundred day moving average price is $189.85.

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.