Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stake Raised by Sunpointe LLC

Sunpointe LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,174 shares of the company’s stock after buying an additional 3,092 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 2.7% of Sunpointe LLC’s investment portfolio, making the stock its 9th largest position. Sunpointe LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% in 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 in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% during 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 last quarter. JPMorgan Chase & Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 48.9% during 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 during the last quarter. US Bancorp DE grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% during the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after purchasing an additional 1,990,537 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the first quarter valued at $284,337,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP traded up $0.86 during trading on Wednesday, reaching $181.26. 296,773 shares of the company’s stock were exchanged, compared to its average volume of 6,122,490. The company has a 50 day moving average price of $174.47 and a two-hundred day moving average price of $168.54. The stock has a market cap of $60.71 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $133.34 and a 1 year high of $182.22.

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).