Verdence Capital Advisors LLC Boosts Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Verdence Capital Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 283.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,754 shares of the company’s stock after buying an additional 25,694 shares during the period. Verdence Capital Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in RSP. North Peak Capital Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 227.3% during the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock worth $249,735,000 after acquiring an additional 2,453,262 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after purchasing an additional 1,103,629 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after buying an additional 1,102,322 shares during the period. Corient Private Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 303.3% in the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock valued at $184,495,000 after buying an additional 763,825 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 11.7% during the second quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after acquiring an additional 589,365 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $199.05 on Tuesday. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company’s 50 day simple moving average is $192.19 and its 200-day simple moving average is $188.99. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $200.10.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.