Axxcess Wealth Management LLC Cuts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Axxcess Wealth Management LLC cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 62.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,031 shares of the company’s stock after selling 37,207 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,619,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC raised its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after acquiring an additional 6,352,369 shares during the period. Balyasny Asset Management L.P. acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $671,392,000. LPL Financial LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% during the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after purchasing an additional 34,825 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after purchasing an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1 %

RSP stock opened at $176.54 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $133.34 and a 52 week high of $177.60. The firm has a 50-day simple moving average of $170.54 and a 200-day simple moving average of $166.81. The stock has a market capitalization of $59.13 billion, a P/E 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).