Concorde Asset Management LLC Decreases Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Concorde Asset Management LLC lessened its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 53.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,352 shares of the company’s stock after selling 1,582 shares during the quarter. Concorde Asset Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased 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 acquiring an additional 2,328,560 shares during the last quarter. Strategic Financial Concepts LLC increased its position in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the second 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 last quarter. Balyasny Asset Management L.P. purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $671,392,000. LPL Financial LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% during the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after purchasing an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in 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 during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $178.09 on Friday. The stock has a 50-day simple moving average of $170.98 and a two-hundred day simple moving average 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 PE ratio of 20.44 and a beta of 0.90.

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).