Invesco S&P 500 Equal Weight ETF $RSP Position Boosted by Trust Co of Tennessee

Trust Co of Tennessee grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778,774 shares of the company’s stock after purchasing an additional 61,157 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 31.1% of Trust Co of Tennessee’s portfolio, making the stock its largest holding. Trust Co of Tennessee’s holdings in Invesco S&P 500 Equal Weight ETF were worth $147,731,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RSP. Brighton Jones LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after buying an additional 246 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $83,931,000. Bison Wealth LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth 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 during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 27.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 34,038 shares of the company’s stock worth $5,897,000 after acquiring an additional 7,263 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.7% during the first quarter. First Manhattan CO. LLC. now owns 502,611 shares of the company’s stock worth $87,067,000 after acquiring an additional 13,377 shares in the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $193.52 on Tuesday. The company has a market capitalization of $74.86 billion, a PE ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $195.46. The business has a 50-day moving average of $190.00 and a 200-day moving average of $187.28.

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.