MGO Private Wealth LLC Reduces Position in Invesco S&P 500 Equal Weight ETF $RSP

MGO Private Wealth LLC cut its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 55.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,150 shares of the company’s stock after selling 7,781 shares during the period. MGO Private Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,118,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 23,554,043 shares of the company’s stock worth $4,080,267,000 after purchasing an additional 396,957 shares during the period. Invesco Ltd. boosted its position in Invesco S&P 500 Equal Weight ETF by 12.0% in the 1st quarter. Invesco Ltd. now owns 11,189,061 shares of the company’s stock valued at $1,938,281,000 after buying an additional 1,195,627 shares during the period. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 6,254,609 shares during the period. LPL Financial LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 20.5% in the 1st quarter. LPL Financial LLC now owns 5,260,788 shares of the company’s stock valued at $911,326,000 after buying an additional 894,245 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 5,057,195 shares of the company’s stock valued at $876,058,000 after buying an additional 1,069,297 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $191.25 on Friday. The stock has a market cap of $75.35 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $192.30. The firm has a 50-day moving average of $187.22 and a two-hundred day moving average of $179.16.

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).