US Bancorp DE Sells 16,360 Shares of Invesco S&P 500 Equal Weight ETF $RSP

US Bancorp DE trimmed its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.4% in the second quarter, HoldingsChannel reports. The firm owned 677,793 shares of the company’s stock after selling 16,360 shares during the quarter. US Bancorp DE’s holdings in Invesco S&P 500 Equal Weight ETF were worth $123,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. Nova Wealth Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $25,000. Uniplan Investment Counsel Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $26,000. Richardson Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the first quarter worth $31,000. Finally, Howe & Rusling Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 190.8% during the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock worth $33,000 after buying an additional 124 shares in the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $190.97 on Thursday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $192.30. The company has a market capitalization of $75.06 billion, a P/E ratio of 20.10 and a beta of 1.05. The stock has a fifty day moving average of $187.50 and a 200-day moving average of $179.47.

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).