Keudell Morrison Wealth Management Purchases 728 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Keudell Morrison Wealth Management increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 27.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,394 shares of the company’s stock after acquiring an additional 728 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $617,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after buying an additional 396,957 shares during the period. Invesco Ltd. raised its holdings in Invesco S&P 500 Equal Weight ETF by 12.0% during the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock worth $1,938,281,000 after buying an additional 1,195,627 shares during the period. Goldman Sachs Group Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF by 219.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares during the period. LPL Financial LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 20.5% during the 1st quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock worth $911,326,000 after buying an additional 894,245 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock worth $876,058,000 after buying an additional 1,069,297 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $191.25 on Friday. The company has a market capitalization of $75.35 billion, a P/E ratio of 20.10 and a beta of 1.05. The company’s 50 day moving average price is $187.22 and its two-hundred day moving average price is $179.16. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30.

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).