New Century Financial Group LLC Takes $343,000 Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

New Century Financial Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,088 shares of the company’s stock, valued at approximately $343,000.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock valued at $3,379,816,000 after purchasing an additional 18,390,083 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Invesco S&P 500 Equal Weight ETF by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock valued at $1,201,600,000 after buying an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC grew 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 buying an additional 6,352,369 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth about $671,392,000. Finally, LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.9% in the 2nd quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock valued at $613,825,000 after acquiring an additional 34,825 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Trading Down 0.5 %

Shares of NYSEARCA RSP opened at $178.21 on Wednesday. The business has a 50-day moving average of $172.34 and a 200-day moving average of $167.71. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12 month low of $133.34 and a 12 month high of $179.94.

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).