Maxwell Wealth Strategies Inc. Trims Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Maxwell Wealth Strategies Inc. trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.2% in the third quarter, Holdings Channel reports. The fund owned 3,076 shares of the company’s stock after selling 69 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. QRG Capital Management Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 26.7% in the 1st quarter. QRG Capital Management Inc. now owns 3,007 shares of the company’s stock valued at $509,000 after buying an additional 633 shares during the period. JPMorgan Chase & Co. raised its holdings 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 worth $1,201,600,000 after purchasing an additional 2,328,560 shares in the last quarter. TIAA Trust National Association raised its holdings in Invesco S&P 500 Equal Weight ETF by 16.8% during the first quarter. TIAA Trust National Association now owns 11,809 shares of the company’s stock worth $2,000,000 after purchasing an additional 1,698 shares in the last quarter. Patten & Patten Inc. TN lifted its position in Invesco S&P 500 Equal Weight ETF by 9.4% in the first quarter. Patten & Patten Inc. TN now owns 14,779 shares of the company’s stock valued at $2,503,000 after purchasing an additional 1,274 shares during the period. Finally, Cercano Management LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $66,214,000.

Invesco S&P 500 Equal Weight ETF Trading Down 0.7 %

NYSEARCA RSP opened at $180.94 on Friday. The stock has a market capitalization of $60.60 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The business’s 50 day moving average is $178.67 and its two-hundred day moving average is $171.18. Invesco S&P 500 Equal Weight ETF has a 12-month low of $144.35 and a 12-month high of $185.79.

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).