Birinyi Associates Inc. Sells 2,728 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Birinyi Associates Inc. decreased its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,116 shares of the company’s stock after selling 2,728 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 0.6% of Birinyi Associates Inc.’s investment portfolio, making the stock its 26th largest position. Birinyi Associates Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,520,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in RSP. Partners Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $508,000. Founders Financial Securities LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $4,736,000. Everett Harris & Co. CA lifted its stake in Invesco S&P 500 Equal Weight ETF by 7.5% in the 3rd quarter. Everett Harris & Co. CA now owns 6,754 shares of the company’s stock worth $1,405,000 after purchasing an additional 471 shares in the last quarter. Financial Solutions Advisory Group Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 0.4% in the 3rd quarter. Financial Solutions Advisory Group Inc. now owns 12,507 shares of the company’s stock valued at $2,678,000 after purchasing an additional 56 shares during the period. Finally, Choreo LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 45.8% during the 3rd quarter. Choreo LLC now owns 546,773 shares of the company’s stock valued at $113,740,000 after purchasing an additional 171,669 shares in the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $218.31 on Friday. The stock has a market cap of $100.21 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $223.43. The firm’s fifty day moving average price is $215.05 and its 200-day moving average price is $207.75.

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). 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.