Turtle Creek Wealth Advisors LLC Grows Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Turtle Creek Wealth Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.8% in the third quarter, HoldingsChannel.com reports. The firm owned 1,515 shares of the company’s stock after acquiring an additional 122 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% during the second 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 period. JPMorgan Chase & Co. lifted its holdings 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 worth $1,201,600,000 after purchasing an additional 2,328,560 shares in the last quarter. Strategic Financial Concepts LLC boosted 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 worth $10,524,000 after purchasing an additional 6,352,369 shares during the period. LPL Financial LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.9% in the 2nd quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after buying an additional 11,263 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded down $1.30 during mid-day trading on Friday, hitting $180.94. The company had a trading volume of 5,450,463 shares, compared to its average volume of 6,097,776. The stock’s 50 day moving average price is $178.67 and its 200-day moving average price is $171.18. Invesco S&P 500 Equal Weight ETF has a 52-week low of $144.35 and a 52-week high of $185.79. The company has a market capitalization of $60.60 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).