Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.5% during the third quarter, HoldingsChannel reports. The firm owned 52,194 shares of the company’s stock after buying an additional 11,879 shares during the period. Arkadios Wealth Advisors’ holdings in Invesco S&P 500 Equal Weight ETF were worth $9,351,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after acquiring an additional 18,390,083 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after buying an additional 2,328,560 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after buying an additional 6,352,369 shares during the period. LPL Financial LLC raised its position in Invesco S&P 500 Equal Weight ETF by 0.9% during the 2nd quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after buying an additional 34,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after acquiring an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

NYSEARCA RSP traded down $0.85 during trading hours on Friday, hitting $178.11. 4,555,176 shares of the stock were exchanged, compared to its average volume of 6,073,535. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $182.22. The stock has a 50-day moving average of $176.36 and a 200 day moving average of $169.17. The company has a market cap of $59.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).