Stone Point Wealth LLC Has $4.96 Million Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Stone Point Wealth LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,675 shares of the company’s stock after buying an additional 2,132 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.6% of Stone Point Wealth LLC’s investment portfolio, making the stock its 14th biggest position. Stone Point Wealth LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,958,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during 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 buying an additional 18,390,083 shares in the last quarter. JPMorgan Chase & Co. increased 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 worth $1,201,600,000 after buying an additional 2,328,560 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of 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. LPL Financial LLC increased its holdings in shares of 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 buying an additional 34,825 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased 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 worth $494,698,000 after buying an additional 11,263 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1 %

NYSEARCA RSP opened at $183.35 on Friday. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a twelve month low of $139.03 and a twelve month high of $183.54. The stock has a fifty day simple moving average of $177.34 and a 200 day simple moving average of $170.22.

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).