Thurston Springer Miller Herd & Titak Inc. trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 95.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043 shares of the company’s stock after selling 22,083 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in RSP. Bank of America Corp DE grew its position in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth approximately $400,736,000. State of Wisconsin Investment Board lifted its position in Invesco S&P 500 Equal Weight ETF by 14.3% in the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after buying an additional 1,060,181 shares in the last quarter. Eastern Bank purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $155,449,000. Finally, Rokos Capital Management LLP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at $134,688,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Stock Down 0.9%
Shares of Invesco S&P 500 Equal Weight ETF stock traded down $1.84 on Wednesday, hitting $211.46. 4,897,987 shares of the company traded hands, compared to its average volume of 11,967,609. The company has a 50-day moving average price of $216.16 and a 200 day moving average price of $210.02. Invesco S&P 500 Equal Weight ETF has a 12-month low of $182.11 and a 12-month high of $223.43. The company has a market cap of $97.06 billion, a PE ratio of 20.10 and a beta of 0.92.
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.
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