Burke & Herbert Bank & Trust Co. raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,353 shares of the company’s stock after purchasing an additional 2,620 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for 1.9% of Burke & Herbert Bank & Trust Co.’s holdings, making the stock its 9th biggest holding. Burke & Herbert Bank & Trust Co.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,978,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Highland Investment Advisors LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the second quarter worth $26,000. Brandywine Financial Group boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 636.8% in the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares during the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $31,000. Rogco LP purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $34,000. Finally, Asset Dedication LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the first quarter worth $36,000. 61.18% of the stock is currently owned by institutional investors.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of NYSEARCA:RSP opened at $216.87 on Friday. The company has a market capitalization of $100.00 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $182.11 and a fifty-two week high of $224.20. The company’s 50-day moving average is $214.89 and its 200 day moving average is $208.17.
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.
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