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

Axxcess Wealth Management LLC lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 62.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,031 shares of the company’s stock after selling 37,207 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,619,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Strategic Financial Concepts LLC boosted 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 worth $10,524,000 after acquiring an additional 6,352,369 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $671,392,000. JPMorgan Chase & Co. lifted its stake in Invesco S&P 500 Equal Weight ETF by 48.9% in the 1st 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. US Bancorp DE boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% during the 2nd quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock worth $342,213,000 after purchasing an additional 1,990,537 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $284,337,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $176.54 on Wednesday. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $177.60. The stock has a market cap of $59.13 billion, a PE ratio of 20.44 and a beta of 0.90. The stock has a 50 day moving average price of $170.54 and a 200 day moving average price of $166.81.

Invesco S&P 500 Equal Weight ETF 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).