Pinnacle Bancorp Inc. Has $498,000 Stake in Invesco S&P 500 Equal Weight ETF $RSP

Pinnacle Bancorp Inc. grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,740 shares of the company’s stock after purchasing an additional 242 shares during the period. Pinnacle Bancorp Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth $25,000. Uniplan Investment Counsel Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $26,000. Richardson Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter valued at about $30,000. OLD Second National Bank of Aurora bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at about $31,000. Finally, Howe & Rusling Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

NYSEARCA RSP opened at $189.21 on Friday. The stock has a market cap of $75.00 billion, a P/E ratio of 20.10 and a beta of 1.05. The company’s 50-day simple moving average is $186.37 and its 200 day simple moving average is $178.07. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $190.54.

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).