Axxcess Wealth Management LLC Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Axxcess Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 722.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,493 shares of the company’s stock after acquiring an additional 123,408 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $26,913,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Morgan Stanley grew its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after purchasing an additional 2,285,526 shares in the last quarter. Varma Mutual Pension Insurance Co bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $327,184,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $306,496,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $287,168,000. Finally, State of Wisconsin Investment Board boosted its stake in Invesco S&P 500 Equal Weight ETF by 14.3% during the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after buying an additional 1,060,181 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.5%

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $209.96 on Friday. The firm has a market cap of $90.58 billion, a PE ratio of 20.10 and a beta of 0.91. The stock has a 50 day moving average of $204.81 and a 200 day moving average of $199.40. Invesco S&P 500 Equal Weight ETF has a 12 month low of $175.98 and a 12 month high of $214.30.

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.