Birchcreek Wealth Management LLC Acquires 632 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Birchcreek Wealth Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 31,031 shares of the company’s stock after acquiring an additional 632 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 3.6% of Birchcreek Wealth Management LLC’s holdings, making the stock its 6th largest position. Birchcreek Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in 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 worth $3,379,816,000 after buying an additional 18,390,083 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in 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 buying an additional 6,352,369 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Invesco S&P 500 Equal Weight ETF by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares in the last quarter. US Bancorp DE boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% in the 2nd quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after purchasing an additional 1,990,537 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 174.6% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock valued at $384,415,000 after purchasing an additional 1,488,000 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP traded down $0.12 during mid-day trading on Friday, reaching $182.12. The company had a trading volume of 299,396 shares, compared to its average volume of 6,074,726. The company’s 50 day simple moving average is $178.27 and its 200 day simple moving average is $170.98. Invesco S&P 500 Equal Weight ETF has a 1-year low of $144.35 and a 1-year high of $185.79. The company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).