Bessemer Group Inc. Sells 16,337 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Bessemer Group Inc. trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 49.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,027 shares of the company’s stock after selling 16,337 shares during the period. Bessemer Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 107.0% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after buying an additional 137,493 shares during the last quarter. CMG Global Holdings LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock valued at $6,741,000 after purchasing an additional 4,262 shares during the last quarter. Sowell Financial Services LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 23.2% in the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock valued at $3,862,000 after purchasing an additional 3,829 shares in the last quarter. Argent Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 5.8% in the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after purchasing an additional 3,135 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 46.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 116,894 shares of the company’s stock worth $21,244,000 after purchasing an additional 37,119 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 1.9%

NYSEARCA RSP opened at $202.26 on Friday. The company has a market cap of $83.88 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $202.49. The stock has a 50 day moving average of $195.39 and a 200-day moving average of $190.40.

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). 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.