Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Partnership Wealth Management LLC’s eighth largest holding

Partnership Wealth Management LLC cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 27.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,379 shares of the company’s stock after selling 10,023 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 3.3% of Partnership Wealth Management LLC’s investment portfolio, making it its 8th largest holding. Partnership Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after purchasing an additional 2,328,560 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after purchasing an additional 6,352,369 shares in the last quarter. LPL Financial LLC boosted its stake 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 valued at $613,825,000 after purchasing an additional 34,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock worth $494,698,000 after purchasing an additional 11,263 shares during the period.

Invesco S&P 500 Equal Weight ETF trading up 0.0%

Shares of RSP stock opened at $177.62 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $179.94. The company’s 50-day moving average is $173.21, and its two-hundred-day moving average is $168.12. The company has a market cap of $59.49 billion, a P/E ratio of 20.44 and a beta of 0.90.

About the Invesco S&P 500 Equal Weight ETF

(Free report)

The Guggenheim S&P 500 Equal Weight ETF, formerly the 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, utilities, transportation and financial companies in the United States markets (primarily NYSE Euronext issues).

Further reading

Want to see what other hedge funds own RSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report).

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