Atlantic Edge Private Wealth Management LLC Sells 26,189 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Atlantic Edge Private Wealth Management LLC cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 45.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,907 shares of the company’s stock after selling 26,189 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.5% of Atlantic Edge Private Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Atlantic Edge Private Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the first 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 in the last quarter. Invesco Ltd. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 12.0% during the first 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 219.6% during the first 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 in the last quarter. LPL Financial LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 20.5% during the first quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock valued at $911,326,000 after purchasing an additional 894,245 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock valued at $876,058,000 after purchasing an additional 1,069,297 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $189.89 on Tuesday. The stock has a 50 day moving average price of $188.30 and a 200 day moving average price of $180.49. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30. The stock has a market capitalization of $73.40 billion, a PE ratio of 20.10 and a beta of 1.05.

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).