Pinnacle Financial Partners Inc Sells 8,274 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Pinnacle Financial Partners Inc lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 36.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,706 shares of the company’s stock after selling 8,274 shares during the period. Pinnacle Financial Partners Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Investment Counsel Co. of Nevada bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth approximately $29,000. Tompkins Financial Corp purchased a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. GoalVest Advisory LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter worth $34,000. Howe & Rusling Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 51.9% during the second quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock valued at $52,000 after purchasing an additional 98 shares during the period. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 30.5% during the second quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

NYSEARCA RSP opened at $199.05 on Friday. The stock has a market cap of $80.05 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $200.10. The company’s 50-day moving average price is $191.98 and its 200-day moving average price is $188.86.

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.