Tradition Wealth Management LLC Has $27.93 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Tradition Wealth Management LLC lessened its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,877 shares of the company’s stock after selling 860 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 2.5% of Tradition Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Tradition Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $27,927,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake 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 period. Strategic Financial Concepts LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after buying an additional 6,352,369 shares during the period. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.5% in the third quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock valued at $732,879,000 after buying an additional 354,184 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of 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 buying an additional 11,263 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock valued at $436,792,000 after buying an additional 98,000 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3 %

Shares of RSP stock opened at $187.62 on Friday. The stock has a market cap of $62.84 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock has a 50 day simple moving average of $180.69 and a 200 day simple moving average of $172.70. Invesco S&P 500 Equal Weight ETF has a 1 year low of $146.87 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).