Invesco S&P 500 Equal Weight ETF $RSP Stake Trimmed by Bell Bank

Bell Bank cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 606,077 shares of the company’s stock after selling 28,808 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 4.8% of Bell Bank’s investment portfolio, making the stock its 5th biggest position. Bell Bank owned approximately 0.13% of Invesco S&P 500 Equal Weight ETF worth $126,076,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RSP. Venture Visionary Partners LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 1.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock worth $80,002,000 after acquiring an additional 5,887 shares during the last quarter. Rhodes Investment Advisors Inc. ADV bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $794,000. NewEdge Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.9% during the second quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock valued at $112,364,000 after acquiring an additional 76,324 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the second quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock valued at $84,412,000 after acquiring an additional 58,956 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $2,939,000. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 1.2%

Invesco S&P 500 Equal Weight ETF stock opened at $215.86 on Wednesday. The firm has a market cap of $99.76 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The firm has a 50-day moving average of $215.58 and a 200-day moving average of $210.85.

Invesco S&P 500 Equal Weight ETF Company 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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.