Cornerstone Wealth Group LLC Cuts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Cornerstone Wealth Group LLC lowered its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,705 shares of the company’s stock after selling 10,370 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 1.0% of Cornerstone Wealth Group LLC’s holdings, making the stock its 21st largest position. Cornerstone Wealth Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $13,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RSP. Goldman Sachs Group Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 219.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after purchasing an additional 6,254,609 shares during the last quarter. Japan Science & Technology Agency bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $656,908,000. Phoenix Financial Ltd. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at $269,253,000. Invesco Ltd. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.0% in the first quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after buying an additional 1,195,627 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock valued at $876,058,000 after buying an additional 1,069,297 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $186.92 on Tuesday. The firm has a market cap of $72.93 billion, a PE ratio of 20.10 and a beta of 1.05. The stock’s fifty day moving average price is $187.75 and its two-hundred day moving average price is $179.81. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.30.

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).