Arvest Investments Inc. Has $43.49 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Arvest Investments Inc. lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 242,764 shares of the company’s stock after selling 1,704 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 6.6% of Arvest Investments Inc.’s portfolio, making the stock its 2nd biggest holding. Arvest Investments Inc. owned about 0.07% of Invesco S&P 500 Equal Weight ETF worth $43,494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSP. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P 500 Equal Weight ETF by 855.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after acquiring an additional 18,390,083 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after buying an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 11,793.3% in the second quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock worth $10,524,000 after buying an additional 6,352,369 shares during the period. LPL Financial LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 0.9% in the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after buying an additional 34,825 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 3,011,313 shares of the company’s stock valued at $494,698,000 after purchasing an additional 11,263 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded up $1.02 during mid-day trading on Friday, reaching $184.10. The stock had a trading volume of 7,541,722 shares, compared to its average volume of 6,078,975. Invesco S&P 500 Equal Weight ETF has a 1 year low of $139.03 and a 1 year high of $184.47. The stock has a market cap of $61.66 billion, a PE ratio of 20.44 and a beta of 0.90. The company has a fifty day moving average price of $177.68 and a 200 day moving average price of $170.52.

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).