MinichMacGregor Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,749 shares of the company’s stock after acquiring an additional 2,665 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises about 3.6% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position. MinichMacGregor Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $5,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 0.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,931,077 shares of the company’s stock worth $201,682,000 after acquiring an additional 11,440 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,580,595 shares of the company’s stock valued at $165,077,000 after buying an additional 11,180 shares during the period. Lbmc Investment Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.8% during the second quarter. Lbmc Investment Advisors LLC now owns 1,265,720 shares of the company’s stock valued at $136,445,000 after buying an additional 33,933 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.0% during the second quarter. Commonwealth Equity Services LLC now owns 1,046,392 shares of the company’s stock valued at $112,801,000 after buying an additional 20,256 shares during the period. Finally, Horizon Investments LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 226.8% during the first quarter. Horizon Investments LLC now owns 991,774 shares of the company’s stock valued at $103,581,000 after buying an additional 688,268 shares during the period.

Shares of NYSEARCA:RSP traded up $0.85 during trading hours on Wednesday, hitting $105.29. 7,963 shares of the company’s stock traded hands, compared to its average volume of 778,588. Invesco S&P 500 Equal Weight ETF has a 1 year low of $85.76 and a 1 year high of $110.24. The business has a fifty day moving average price of $107.54 and a 200-day moving average price of $105.55.

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).

Further Reading: Oversold

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Institutional Ownership by Quarter for Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

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