Johnson Investment Counsel Inc. Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Johnson Investment Counsel Inc. raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.1% during the second quarter, Holdings Channel.com reports. The fund owned 10,831 shares of the company’s stock after purchasing an additional 1,168 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,779,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Financial Concepts LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 11,793.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 6,406,233 shares of the company’s stock valued at $10,524,000 after purchasing an additional 6,352,369 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $671,392,000. JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 2,328,560 shares in the last quarter. US Bancorp DE raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2,150.4% during the second quarter. US Bancorp DE now owns 2,083,103 shares of the company’s stock valued at $342,213,000 after acquiring an additional 1,990,537 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $284,337,000.

Invesco S&P 500 Equal Weight ETF Trading Up 1.0 %

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $175.06 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $175.96. The company has a market cap of $58.63 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s fifty day simple moving average is $170.04 and its two-hundred day simple moving average is $166.56.

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).