Invesco S&P 500 Equal Weight ETF $RSP Stake Lowered by Sage Financial Group Inc.

Sage Financial Group Inc. decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 44.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,368 shares of the company’s stock after selling 364,932 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 5.2% of Sage Financial Group Inc.’s investment portfolio, making the stock its 3rd biggest holding. Sage Financial Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $93,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its stake in Invesco S&P 500 Equal Weight ETF by 16.4% in 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 acquiring an additional 3,567,441 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Invesco S&P 500 Equal Weight ETF by 3.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after acquiring an additional 60,000 shares during the last quarter. Trust Co of Tennessee raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock valued at $208,091,000 after acquiring an additional 12,435 shares during the last quarter. Finally, Eastern Bank lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 52.2% in the 2nd quarter. Eastern Bank now owns 731,262 shares of the company’s stock valued at $155,591,000 after purchasing an additional 250,756 shares during the period. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.1%

RSP stock opened at $217.52 on Wednesday. The business’s fifty day moving average is $215.18 and its 200-day moving average is $207.43. The company has a market cap of $99.79 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a twelve month low of $182.11 and a twelve month high of $223.43.

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.