LM Advisors LLC Sells 46,409 Shares of Invesco S&P 500 Equal Weight ETF $RSP

LM Advisors LLC cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 80.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,540 shares of the company’s stock after selling 46,409 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.3% of LM Advisors LLC’s investment portfolio, making the stock its 12th largest holding. LM Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.9% in the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after acquiring an additional 2,285,526 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after acquiring an additional 959,176 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.1% in the fourth quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock valued at $1,051,080,000 after acquiring an additional 362,412 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,579,650 shares of the company’s stock valued at $685,718,000 after acquiring an additional 9,309 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.8% in the fourth quarter. Cerity Partners LLC now owns 1,963,478 shares of the company’s stock valued at $376,124,000 after acquiring an additional 207,096 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $211.65 on Friday. The company’s 50-day simple moving average is $203.40 and its 200 day simple moving average is $198.74. Invesco S&P 500 Equal Weight ETF has a 52 week low of $175.98 and a 52 week high of $212.12. The company has a market capitalization of $91.31 billion, a PE ratio of 20.10 and a beta of 0.91.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.