Kovitz Investment Group Partners LLC Sells 50,754 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Kovitz Investment Group Partners LLC reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 387,864 shares of the company’s stock after selling 50,754 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $73,578,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after acquiring an additional 1,103,629 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after purchasing an additional 589,365 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Invesco S&P 500 Equal Weight ETF by 119.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after purchasing an additional 1,102,322 shares during the last quarter. Phoenix Financial Ltd. grew its holdings in Invesco S&P 500 Equal Weight ETF by 13.8% during the third quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the period. Finally, Cerity Partners LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.2% in the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock worth $333,186,000 after buying an additional 54,925 shares during the last quarter. 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 $204.09 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $205.24. The stock’s fifty day moving average price is $197.61 and its two-hundred day moving average price is $191.63. The firm has a market cap of $84.64 billion, a PE ratio of 20.10 and a beta of 0.99.

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). 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.