JPMorgan Chase & Co. Sells 2,876,893 Shares of Invesco S&P 500 Equal Weight ETF $RSP

JPMorgan Chase & Co. decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 50.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,769,667 shares of the company’s stock after selling 2,876,893 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $525,406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Investment Counsel Co. of Nevada bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $29,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $32,000. IMA Advisory Services Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth about $33,000. GoalVest Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $34,000. Finally, Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $35,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA:RSP opened at $203.57 on Thursday. The stock has a market cap of $84.42 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company has a 50 day moving average of $197.23 and a 200-day moving average of $191.35. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24.

Invesco S&P 500 Equal Weight ETF Company 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.