Invesco S&P 500 Equal Weight ETF $RSP is Evernest Financial Advisors LLC’s 5th Largest Position

Evernest Financial Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,053 shares of the company’s stock after purchasing an additional 19,175 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 4.9% of Evernest Financial Advisors LLC’s holdings, making the stock its 5th largest holding. Evernest Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $23,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 7.9% during the 4th quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew 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 valued at $5,028,875,000 after purchasing an additional 959,176 shares during the period. Invesco Ltd. increased its position in Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after purchasing an additional 444,846 shares during the last quarter. State of Wisconsin Investment Board increased its position 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 worth $1,625,486,000 after purchasing an additional 1,060,181 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 7.1% during the fourth quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock worth $1,051,080,000 after purchasing an additional 362,412 shares during the period. Hedge funds and other 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 $214.23 on Tuesday. The company has a market capitalization of $96.70 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s 50-day moving average is $208.80 and its two-hundred day moving average is $201.85. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $216.37.

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.