Stone Point Wealth LLC Purchases 2,132 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Stone Point Wealth LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,675 shares of the company’s stock after acquiring an additional 2,132 shares during the period. Invesco S&P 500 Equal Weight ETF makes up approximately 1.6% of Stone Point Wealth LLC’s investment portfolio, making the stock its 14th largest position. Stone Point Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,958,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $3,379,816,000 after buying an additional 18,390,083 shares during the period. JPMorgan Chase & Co. lifted 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 worth $1,201,600,000 after purchasing an additional 2,328,560 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake 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 purchasing an additional 6,352,369 shares during the last quarter. LPL Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.9% during the second quarter. LPL Financial LLC now owns 3,736,455 shares of the company’s stock worth $613,825,000 after purchasing an additional 34,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in 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 worth $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 opened at $183.35 on Friday. The business has a fifty day moving average price of $177.34 and a two-hundred day moving average price of $170.22. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $139.03 and a fifty-two week high of $183.54. The stock has a market capitalization of $61.41 billion, a PE ratio of 20.44 and a beta of 0.90.

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).