Partnership Wealth Management LLC Increases Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Partnership Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,150 shares of the company’s stock after purchasing an additional 3,683 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 8.3% of Partnership Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Partnership Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McCollum Christoferson Group LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 37.7% during the 4th quarter. McCollum Christoferson Group LLC now owns 2,920 shares of the company’s stock valued at $559,000 after buying an additional 800 shares in the last quarter. Montecito Bank & Trust purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at approximately $334,000. Westview Management dba Westview Investment Advisors bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $240,000. Dynamic Advisor Solutions LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 0.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 39,821 shares of the company’s stock valued at $7,628,000 after acquiring an additional 119 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 4,080 shares of the company’s stock worth $782,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $191.69 on Tuesday. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24. The business has a fifty day moving average price of $199.50 and a 200-day moving average price of $193.42. The firm has a market capitalization of $79.49 billion, a P/E ratio of 20.10 and a beta of 0.99.

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). 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.