Invesco S&P 500 Equal Weight ETF $RSP Stock: Penobscot Investment Management Company Inc. Decreases Stake

Penobscot Investment Management Company Inc. trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 39.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,152 shares of the company’s stock after selling 14,952 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Venture Visionary Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 384,586 shares of the company’s stock valued at $80,002,000 after purchasing an additional 5,887 shares in the last quarter. Rhodes Investment Advisors Inc. ADV purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $794,000. Corient Private Wealth LP grew its position in shares of Invesco S&P 500 Equal Weight ETF by 17.5% during the 2nd quarter. Corient Private Wealth LP now owns 396,727 shares of the company’s stock worth $84,412,000 after buying an additional 58,956 shares in the last quarter. Echo45 Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.8% during the 2nd quarter. Echo45 Advisors LLC now owns 87,450 shares of the company’s stock worth $18,607,000 after buying an additional 2,346 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 16.9% during the 2nd quarter. NewEdge Advisors LLC now owns 528,103 shares of the company’s stock worth $112,364,000 after buying an additional 76,324 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $217.52 on Wednesday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $182.11 and a 1-year high of $223.43. The company has a 50-day moving average of $215.18 and a 200 day moving average of $207.43. The firm has a market cap of $99.79 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.