Beacon Pointe Advisors LLC Decreases Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Beacon Pointe Advisors LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,476 shares of the company’s stock after selling 4,195 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $30,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RSP. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after buying an additional 1,103,629 shares during the period. Invesco Ltd. grew its holdings in 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 acquiring an additional 1,195,627 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 219.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock valued at $1,576,769,000 after purchasing an additional 6,254,609 shares during the last quarter. 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 valued at $1,026,206,000 after purchasing an additional 589,365 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 6.9% during the 1st quarter. Cresset Asset Management LLC now owns 3,987,375 shares of the company’s stock worth $690,733,000 after purchasing an additional 258,708 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.7%

Shares of RSP stock opened at $190.22 on Tuesday. The company has a market cap of $73.58 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm has a fifty day moving average price of $188.55 and a 200 day moving average price of $185.16. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $192.33.

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).