ProVise Management Group LLC Purchases 915 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

ProVise Management Group LLC increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,476 shares of the company’s stock after purchasing an additional 915 shares during the quarter. ProVise Management Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Equal Weight ETF by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after buying an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after acquiring an additional 6,352,369 shares during the period. Balyasny Asset Management L.P. bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $671,392,000. LPL Financial LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% in the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after purchasing an additional 11,263 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $178.09 on Friday. The firm has a 50 day moving average price of $170.98 and a 200-day moving average price of $166.95. Invesco S&P 500 Equal Weight ETF has a 52-week low of $133.34 and a 52-week high of $178.82. The firm has a market capitalization of $59.65 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).