Lionsbridge Wealth Management LLC Has $2.09 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Lionsbridge Wealth Management LLC decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,492 shares of the company’s stock after selling 506 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 2.1% of Lionsbridge Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Lionsbridge Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,089,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.4% in the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the period. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $83,931,000. Bison Wealth LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the period. GAMMA Investing LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 21.9% in the first quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after purchasing an additional 492 shares during the period. Finally, Blue Trust Inc. lifted its position in Invesco S&P 500 Equal Weight ETF by 171.1% in the first quarter. Blue Trust Inc. now owns 431 shares of the company’s stock worth $75,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $189.89 on Tuesday. The stock has a market cap of $73.40 billion, a P/E 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 stock has a fifty day moving average price of $188.30 and a 200 day moving average price of $180.49.

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).