Invesco S&P 500 Equal Weight ETF $RSP Stock: Virtue Capital Management LLC Reduces Stake

Virtue Capital Management LLC cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 56,465 shares of the company’s stock after selling 7,367 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 1.5% of Virtue Capital Management LLC’s holdings, making the stock its 14th biggest holding. Virtue Capital Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,746,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its stake 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 worth $4,869,022,000 after acquiring an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $400,736,000. Eastern Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $155,449,000. Rokos Capital Management LLP acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $134,688,000. Finally, Quantum Portfolio Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at approximately $104,325,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $218.31 on Monday. The firm has a market capitalization of $100.24 billion, a PE ratio of 20.10 and a beta of 0.92. The firm’s 50 day moving average is $215.05 and its 200 day moving average is $207.75. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43.

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.