Focused Wealth Management Inc Buys 279 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Focused Wealth Management Inc grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,628 shares of the company’s stock after purchasing an additional 279 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.7% of Focused Wealth Management Inc’s holdings, making the stock its 13th largest position. Focused Wealth Management Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Northwestern Mutual Wealth Management Co. lifted its position in 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 purchasing an additional 18,390,083 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 valued at $1,201,600,000 after purchasing an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC boosted its position in 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 worth $10,524,000 after purchasing an additional 6,352,369 shares during the last quarter. LPL Financial LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.9% during the 2nd quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after acquiring an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after acquiring an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $178.67 on Wednesday. The stock’s 50 day simple moving average is $177.16 and its two-hundred day simple moving average is $170.13. Invesco S&P 500 Equal Weight ETF has a 1 year low of $139.03 and a 1 year high of $182.22. The company has a market cap of $59.84 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).