AE Wealth Management LLC Buys 8,205 Shares of Invesco S&P 500 Equal Weight ETF $RSP

AE Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 83.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,001 shares of the company’s stock after acquiring an additional 8,205 shares during the quarter. AE Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,448,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after acquiring an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. lifted its position in Invesco S&P 500 Equal Weight ETF by 13.8% in the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock worth $335,472,000 after buying an additional 214,432 shares during the last quarter. Cerity Partners LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.2% in the 3rd 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. Focus Partners Wealth lifted its position in Invesco S&P 500 Equal Weight ETF by 13.2% in the 3rd quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after buying an additional 150,899 shares during the last quarter. Finally, Trust Co of Tennessee lifted its position in Invesco S&P 500 Equal Weight ETF by 8.5% in the 3rd quarter. Trust Co of Tennessee now owns 778,774 shares of the company’s stock worth $147,731,000 after buying an additional 61,157 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $203.16 on Monday. The business has a 50 day moving average of $198.01 and a 200 day moving average of $194.27. The company has a market capitalization of $88.95 billion, a price-to-earnings ratio of 20.10 and a beta of 0.94. Invesco S&P 500 Equal Weight ETF has a 1-year low of $157.71 and a 1-year high of $205.24.

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.