Berkshire Money Management Inc. Acquires 34,350 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Berkshire Money Management Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,337 shares of the company’s stock after acquiring an additional 34,350 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 5.5% of Berkshire Money Management Inc.’s holdings, making the stock its 6th largest position. Berkshire Money Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $53,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 4.7% in the second 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 valued at $1,026,206,000 after purchasing an additional 589,365 shares in the last quarter. Japan Science & Technology Agency purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% in 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 buying an additional 1,102,322 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 24.0% in the 2nd quarter. Cerity Partners LLC now owns 1,701,457 shares of the company’s stock valued at $309,223,000 after buying an additional 329,842 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $192.88 on Monday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $150.35 and a 1-year high of $195.46. The business has a 50-day moving average of $189.36 and a 200-day moving average of $186.66. The company has a market capitalization of $74.61 billion, a PE ratio of 20.10 and a beta of 0.99.

About Invesco S&P 500 Equal Weight ETF

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.