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

Axxcess Wealth Management LLC decreased its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 43.8% in the first quarter, Holdings Channel.com reports. The firm owned 79,022 shares of the company’s stock after selling 61,471 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $15,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Morgan Stanley boosted its position in 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 buying an additional 2,285,526 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after buying an additional 959,176 shares during the period. Invesco Ltd. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.6% in the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after buying an additional 444,846 shares during the period. State of Wisconsin Investment Board lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after acquiring an additional 1,060,181 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.1% in the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock valued at $1,051,080,000 after acquiring an additional 362,412 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $214.73 on Wednesday. The business has a 50-day moving average of $207.84 and a 200 day moving average of $201.26. Invesco S&P 500 Equal Weight ETF has a 1-year low of $179.94 and a 1-year high of $216.37. The stock has a market capitalization of $94.70 billion, a PE ratio of 20.10 and a beta of 0.91.

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.