Taylor & Morgan Wealth Management LLC Has $6.96 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Taylor & Morgan Wealth Management LLC trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,839 shares of the company’s stock after selling 487 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 4.7% of Taylor & Morgan Wealth Management LLC’s portfolio, making the stock its 6th largest position. Taylor & Morgan Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 855.5% in 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 acquiring an additional 18,390,083 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco S&P 500 Equal Weight ETF by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 7,094,524 shares of the company’s stock worth $1,201,600,000 after acquiring an additional 2,328,560 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 11,793.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after acquiring an additional 6,352,369 shares in the last quarter. LPL Financial LLC grew its position 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 during the period. Finally, Envestnet Asset Management Inc. increased its position 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 buying an additional 11,263 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP traded up $0.99 during trading hours on Monday, reaching $179.10. 1,284,012 shares of the company were exchanged, compared to its average volume of 6,050,520. The business has a 50 day moving average of $176.50 and a 200 day moving average of $169.29. The company has a market capitalization of $59.99 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $133.54 and a 1-year high of $182.22.

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).