Apollon Wealth Management LLC Reduces Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Apollon Wealth Management LLC trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,082 shares of the company’s stock after selling 274 shares during the quarter. Apollon Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,956,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 buying an additional 18,390,083 shares during the period. JPMorgan Chase & Co. lifted its stake 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 period. Strategic Financial Concepts LLC lifted its stake 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 period. LPL Financial LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% in the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after purchasing an additional 11,263 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 0.8 %

Shares of NYSEARCA:RSP opened at $183.61 on Wednesday. The firm has a market cap of $61.50 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock’s 50-day moving average price is $177.86 and its two-hundred day moving average price is $170.74. Invesco S&P 500 Equal Weight ETF has a 12-month low of $140.06 and a 12-month high of $185.79.

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).