Lord & Richards Wealth Management LLC Purchases 1,692 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Lord & Richards Wealth Management LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 22.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,397 shares of the company’s stock after purchasing an additional 1,692 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.8% of Lord & Richards Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Lord & Richards Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,708,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 6,254,609 shares in the last quarter. Japan Science & Technology Agency bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $656,908,000. Phoenix Financial Ltd. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $269,253,000. Invesco Ltd. increased its stake in shares of 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 purchasing an additional 1,195,627 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 1,069,297 shares during the last quarter. 61.18% of the stock is owned by institutional investors.

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

Shares of RSP stock opened at $187.47 on Tuesday. The company has a 50 day moving average of $188.89 and a 200-day moving average of $182.68. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $192.33. The firm has a market cap of $72.51 billion, a P/E ratio of 20.10 and a beta of 0.99.

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).