Concorde Asset Management LLC Has $229,000 Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Concorde Asset Management LLC trimmed its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,278 shares of the company’s stock after selling 74 shares during the period. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 buying an additional 18,390,083 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% during the second 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 increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.5% during the third quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock worth $732,879,000 after purchasing an additional 354,184 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after purchasing an additional 11,263 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 174.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after purchasing an additional 1,488,000 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 1.3 %

Shares of NYSEARCA RSP opened at $184.08 on Friday. The firm has a market cap of $61.66 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 $146.01 and a 1-year high of $185.79. The business’s 50 day moving average is $179.45 and its 200-day moving average is $171.75.

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).