Precedent Wealth Partners LLC Acquires 13,986 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Precedent Wealth Partners LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,157 shares of the company’s stock after acquiring an additional 13,986 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 1.4% of Precedent Wealth Partners LLC’s portfolio, making the stock its 18th biggest holding. Precedent Wealth Partners LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $9,394,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Highland Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $26,000. Brandywine Financial Group lifted its holdings in Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. Rogco LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $34,000. Asset Dedication LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $36,000. Finally, Marquette Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $43,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.7%

Shares of NYSEARCA RSP opened at $218.22 on Friday. The firm has a market cap of $100.30 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The company’s 50-day simple moving average is $215.40 and its 200-day simple moving average is $211.19. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43.

About Invesco S&P 500 Equal Weight ETF

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.