Trust Co of Tennessee lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 1.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 717,617 shares of the company’s stock after purchasing an additional 12,703 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 30.4% of Trust Co of Tennessee’s holdings, making the stock its biggest holding. Trust Co of Tennessee’s holdings in Invesco S&P 500 Equal Weight ETF were worth $130,415,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in RSP. Brighton Jones LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $83,931,000. Bison Wealth LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 25.8% during the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after acquiring an additional 4,295 shares in the last quarter. Rhumbline Advisers grew its holdings in Invesco S&P 500 Equal Weight ETF by 6.1% during the 1st quarter. Rhumbline Advisers now owns 15,236 shares of the company’s stock worth $2,639,000 after acquiring an additional 873 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 21.9% during the 1st quarter. GAMMA Investing LLC now owns 2,737 shares of the company’s stock worth $474,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.
Invesco S&P 500 Equal Weight ETF Stock Down 2.3%
NYSEARCA RSP opened at $185.12 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $192.30. The stock has a market capitalization of $72.28 billion, a PE ratio of 20.10 and a beta of 1.05. The firm has a 50 day moving average of $187.69 and a two-hundred day moving average of $179.63.
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).
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