FSA Investment Group LLC Grows Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

FSA Investment Group LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.3% in the third quarter, Holdings Channel reports. The fund owned 180,128 shares of the company’s stock after purchasing an additional 16,857 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 21.3% of FSA Investment Group LLC’s investment portfolio, making the stock its 2nd largest holding. FSA Investment Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $34,248,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in 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 in the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $1,026,206,000 after buying an additional 589,365 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after buying an additional 1,102,322 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after acquiring an additional 54,925 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,689,136 shares of the company’s stock valued at $306,984,000 after acquiring an additional 4,350 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 Down 1.5%

Shares of RSP stock opened at $196.08 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $200.10. The stock’s fifty day simple moving average is $192.32 and its 200 day simple moving average is $189.06. The firm has a market capitalization of $78.98 billion, a P/E ratio of 20.10 and a beta of 0.99.

About Invesco S&P 500 Equal Weight ETF

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.