Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Partnership Wealth Management LLC’s 6th Largest Position

Partnership Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 37.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,354 shares of the company’s stock after acquiring an additional 9,975 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 5.3% of Partnership Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Partnership Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RSP. Farmers Trust Co. lifted its position in Invesco S&P 500 Equal Weight ETF by 36.2% in the 4th quarter. Farmers Trust Co. now owns 8,184 shares of the company’s stock valued at $1,434,000 after acquiring an additional 2,177 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 35.1% during the fourth quarter. Fulton Bank N.A. now owns 2,665 shares of the company’s stock valued at $467,000 after purchasing an additional 693 shares in the last quarter. Collective Family Office LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 164.6% during the fourth quarter. Collective Family Office LLC now owns 5,688 shares of the company’s stock valued at $997,000 after buying an additional 3,538 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $3,123,000. Finally, McAlister Sweet & Associates Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 74.9% during the 4th quarter. McAlister Sweet & Associates Inc. now owns 56,559 shares of the company’s stock valued at $9,911,000 after acquiring an additional 24,227 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock traded up $0.21 during midday trading on Wednesday, reaching $175.82. 6,900,874 shares of the company traded hands, compared to its average volume of 7,613,549. Invesco S&P 500 Equal Weight ETF has a 12 month low of $153.10 and a 12 month high of $188.16. The business has a 50 day moving average of $181.01 and a two-hundred day moving average of $175.42. The firm has a market capitalization of $58.89 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).