Jessup Wealth Management Inc Reduces Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Jessup Wealth Management Inc trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,014 shares of the company’s stock after selling 506 shares during the quarter. Jessup Wealth Management Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $83,931,000. Bison Wealth LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the last quarter. Golden State Wealth Management LLC grew its position in Invesco S&P 500 Equal Weight ETF by 25.2% during the 1st quarter. Golden State Wealth Management LLC now owns 3,280 shares of the company’s stock worth $568,000 after purchasing an additional 660 shares during the period. Finally, Novem Group lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 5.6% in the 1st quarter. Novem Group now owns 1,291 shares of the company’s stock valued at $224,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.2%

Shares of RSP opened at $187.93 on Friday. The company has a market capitalization of $72.61 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.33. The stock’s 50-day moving average price is $188.90 and its 200-day moving average price is $182.36.

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).