Gries Financial LLC Has $4.53 Million Stake in Invesco S&P 500 Equal Weight ETF $RSP

Gries Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,858 shares of the company’s stock after purchasing an additional 4,123 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 0.7% of Gries Financial LLC’s portfolio, making the stock its 23rd largest position. Gries Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after acquiring an additional 1,103,629 shares during the period. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Equal Weight ETF by 11.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after purchasing an additional 589,365 shares during the period. Japan Science & Technology Agency bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $656,908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after buying an additional 1,102,322 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 24.0% in the 2nd quarter. Cerity Partners LLC now owns 1,701,457 shares of the company’s stock valued at $309,223,000 after acquiring an additional 329,842 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $194.65 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $195.46. The stock has a market capitalization of $76.36 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The stock’s 50 day moving average price is $190.19 and its two-hundred day moving average price is $187.82.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.