Jacksonville Wealth Management LLC Invests $8.09 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Jacksonville Wealth Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,183 shares of the company’s stock, valued at approximately $8,093,000. Invesco S&P 500 Equal Weight ETF comprises about 7.6% of Jacksonville Wealth Management LLC’s portfolio, making the stock its 4th largest position.

A number of other institutional investors have also recently modified their holdings of RSP. SJS Investment Consulting Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 157.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 88 shares during the period. Eastern Bank purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $28,000. Richardson Financial Services Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $29,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $182.19 on Friday. The stock has a market capitalization of $61.02 billion, a PE ratio of 20.44 and a beta of 0.90. The business has a 50 day simple moving average of $180.39 and a two-hundred day simple moving average of $176.57. Invesco S&P 500 Equal Weight ETF has a 1-year low of $155.79 and a 1-year high of $188.16.

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).