LWM Advisory Services LLC Sells 541 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

LWM Advisory Services LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 19.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,214 shares of the company’s stock after selling 541 shares during the period. LWM Advisory Services LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $349,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Morgan Stanley grew its position in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock valued at $2,683,772,000 after acquiring an additional 2,153,993 shares during the period. Truist Financial Corp lifted its stake in Invesco S&P 500 Equal Weight ETF by 1.5% in the third quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock valued at $1,107,273,000 after purchasing an additional 112,526 shares during the last quarter. UBS Group AG grew its holdings in Invesco S&P 500 Equal Weight ETF by 17.4% during the third quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock valued at $842,867,000 after purchasing an additional 880,506 shares during the period. Invesco Ltd. increased its position in Invesco S&P 500 Equal Weight ETF by 15.6% in the third quarter. Invesco Ltd. now owns 4,521,037 shares of the company’s stock worth $640,586,000 after buying an additional 609,306 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Invesco S&P 500 Equal Weight ETF by 70.7% in the third quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock worth $528,915,000 after buying an additional 1,545,894 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of NYSEARCA RSP traded up $1.13 during trading on Monday, reaching $163.56. 3,877,110 shares of the stock traded hands, compared to its average volume of 6,561,273. The stock has a market capitalization of $55.54 billion, a P/E ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $169.80. The company has a 50-day moving average of $164.11 and a 200-day moving average of $155.22.

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).