Parkside Investments LLC cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,041 shares of the company’s stock after selling 6,824 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.6% of Parkside Investments LLC’s investment portfolio, making the stock its 13th largest holding. Parkside Investments LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $14,154,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of RSP. Carnegie Investment Counsel bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth approximately $11,137,000. Pinnacle Associates Ltd. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 165,933 shares of the company’s stock worth $34,517,000 after purchasing an additional 1,904 shares in the last quarter. Ironwood Financial llc grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.1% during the 3rd quarter. Ironwood Financial llc now owns 52,179 shares of the company’s stock worth $10,854,000 after purchasing an additional 1,582 shares in the last quarter. Taylor Securities Services Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Taylor Securities Services Inc. now owns 10,265 shares of the company’s stock valued at $2,135,000 after purchasing an additional 647 shares during the period. Finally, Grange Capital LLC increased its position in shares of Invesco S&P 500 Equal Weight ETF by 3.8% during the third quarter. Grange Capital LLC now owns 29,300 shares of the company’s stock valued at $6,095,000 after purchasing an additional 1,083 shares during the period. 61.18% of the stock is currently owned by institutional investors and hedge funds.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of RSP stock opened at $215.86 on Wednesday. The stock has a market cap of $99.76 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The stock has a fifty day moving average price of $215.58 and a 200 day moving average price of $210.85.
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.
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