Madison Wealth Partners Inc Sells 5,869 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Madison Wealth Partners Inc decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 26.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,366 shares of the company’s stock after selling 5,869 shares during the quarter. Madison Wealth Partners Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,135,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RSP. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $327,184,000. Northwestern Mutual Wealth Management Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 3.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock valued at $5,028,875,000 after buying an additional 959,176 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 5,593.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock valued at $186,343,000 after buying an additional 955,677 shares during the last quarter. AlphaCore Capital LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 622.2% during the fourth quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock valued at $113,698,000 after buying an additional 511,351 shares during the last quarter. Finally, Endurance Services Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $96,962,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3%

Shares of NYSEARCA:RSP opened at $208.83 on Friday. The stock has a fifty day simple moving average of $199.81 and a two-hundred day simple moving average of $197.16. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 12-month low of $174.27 and a 12-month high of $209.32.

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.