Requisite Capital Management LLC Raises Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Requisite Capital Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 41.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,291 shares of the company’s stock after purchasing an additional 83,424 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 10.7% of Requisite Capital Management LLC’s holdings, making the stock its 5th largest position. Requisite Capital Management LLC owned 0.09% of Invesco S&P 500 Equal Weight ETF worth $51,113,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 855.5% in the 2nd 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 during the last quarter. JPMorgan Chase & Co. raised its stake in 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 valued at $1,201,600,000 after buying an additional 2,328,560 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after buying an additional 6,352,369 shares during the last quarter. LPL Financial LLC raised its stake in 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 buying an additional 34,825 shares during the last quarter. 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 valued at $494,698,000 after buying an additional 11,263 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.0 %

RSP traded up $1.75 during mid-day trading on Friday, reaching $179.90. 4,033,865 shares of the company traded hands, compared to its average volume of 6,171,714. The stock has a market capitalization of $60.26 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day moving average price is $173.79 and its 200-day moving average price is $168.36. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $180.14.

Invesco S&P 500 Equal Weight ETF Company 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).