Bank of New York Mellon Corp Sells 558,488 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Bank of New York Mellon Corp decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 33.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,130,648 shares of the company’s stock after selling 558,488 shares during the period. Bank of New York Mellon Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $214,484,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.4% in the 3rd quarter. Ballentine Partners LLC now owns 2,335 shares of the company’s stock valued at $443,000 after acquiring an additional 160 shares during the last quarter. Mystic Asset Management Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 23.5% during the 3rd quarter. Mystic Asset Management Inc. now owns 2,416 shares of the company’s stock worth $458,000 after acquiring an additional 460 shares during the last quarter. RAM Investment Partners LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $204,000. Rainey & Randall Wealth Advisors Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 2.1% in the third quarter. Rainey & Randall Wealth Advisors Inc. now owns 249,586 shares of the company’s stock valued at $47,346,000 after purchasing an additional 5,071 shares in the last quarter. Finally, Novare Capital Management LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 37.0% in the third quarter. Novare Capital Management LLC now owns 3,999 shares of the company’s stock valued at $759,000 after purchasing an additional 1,079 shares in the last quarter. 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%

RSP opened at $198.08 on Friday. The stock has a market cap of $82.87 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $200.78. The company has a fifty day simple moving average of $194.38 and a 200 day simple moving average of $189.80.

Invesco S&P 500 Equal Weight ETF 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.