Litman Gregory Wealth Management LLC Boosts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Litman Gregory Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,086 shares of the company’s stock after acquiring an additional 422 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,197,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 219.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,102,168 shares of the company’s stock worth $1,576,769,000 after buying an additional 6,254,609 shares in the last quarter. Japan Science & Technology Agency acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $656,908,000. Phoenix Financial Ltd. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter worth about $269,253,000. Invesco Ltd. increased its position in shares of 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 worth $1,938,281,000 after purchasing an additional 1,195,627 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 1,069,297 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $191.25 on Monday. The stock has a market capitalization of $75.17 billion, a price-to-earnings ratio of 20.10 and a beta of 1.05. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $192.30. The company’s 50-day simple moving average is $187.22 and its 200-day simple moving average is $179.19.

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).