Sowell Financial Services LLC Buys 3,829 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Sowell Financial Services LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 20,356 shares of the company’s stock after buying an additional 3,829 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,862,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position 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 buying an additional 1,103,629 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Equal Weight ETF by 11.7% during the second quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after acquiring an additional 589,365 shares during the last quarter. Japan Science & Technology Agency acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Invesco S&P 500 Equal Weight ETF by 119.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after acquiring an additional 1,102,322 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 24.0% in the second quarter. Cerity Partners LLC now owns 1,701,457 shares of the company’s stock worth $309,223,000 after purchasing an additional 329,842 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.0%

Shares of RSP stock opened at $193.84 on Monday. The business’s fifty day simple moving average is $189.93 and its 200-day simple moving average is $187.19. The company has a market cap of $74.98 billion, a PE 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 $195.46.

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.