Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by LeConte Wealth Management LLC

LeConte Wealth Management LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,583 shares of the company’s stock after selling 10,524 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 14.3% of LeConte Wealth Management LLC’s portfolio, making the stock its biggest position. LeConte Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,950,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Corient Private Wealth LLC grew its holdings in shares of 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 purchasing an additional 763,825 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock worth $4,798,090,000 after acquiring an additional 635,369 shares in the last quarter. Endurance Services Ltd purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $96,962,000. Schusterman Interests LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 420.8% in the third quarter. Schusterman Interests LLC now owns 625,000 shares of the company’s stock valued at $118,562,000 after acquiring an additional 505,000 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $83,931,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $191.92 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24. The stock has a market capitalization of $79.59 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The business has a fifty day moving average price of $198.58 and a 200 day moving average price of $193.51.

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.