Precedent Wealth Partners LLC Purchases 1,528 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Precedent Wealth Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,666 shares of the company’s stock after purchasing an additional 1,528 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 1.0% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 24th biggest holding. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,096,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RSP. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after acquiring an additional 18,390,083 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 174.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,340,000 shares of the company’s stock worth $384,415,000 after acquiring an additional 1,488,000 shares in the last quarter. SPX Gestao de Recursos Ltda raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after purchasing an additional 839,150 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,274.4% during the 3rd quarter. Penserra Capital Management LLC now owns 486,095 shares of the company’s stock valued at $87,088,000 after purchasing an additional 465,623 shares in the last quarter. Finally, First Interstate Bank grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2,324.6% in the 3rd quarter. First Interstate Bank now owns 379,553 shares of the company’s stock valued at $68,001,000 after purchasing an additional 363,899 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $182.19 on Friday. The firm has a market cap of $61.02 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $155.79 and a twelve month high of $188.16. The firm’s 50 day moving average price is $180.39 and its two-hundred day moving average price is $176.57.

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).