Truist Financial Corp Has $528.27 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Truist Financial Corp decreased its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,757,713 shares of the company’s stock after selling 111,398 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.7% of Truist Financial Corp’s holdings, making the stock its 25th biggest holding. Truist Financial Corp owned 0.66% of Invesco S&P 500 Equal Weight ETF worth $528,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GRIMES & Co WEALTH MANAGEMENT LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 107.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock worth $50,459,000 after purchasing an additional 137,493 shares during the period. Brookstone Capital Management grew its stake in Invesco S&P 500 Equal Weight ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock worth $51,697,000 after purchasing an additional 6,481 shares during the period. Argent Advisors Inc. grew its stake in Invesco S&P 500 Equal Weight ETF by 5.8% during the third quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock worth $10,900,000 after purchasing an additional 3,135 shares during the period. Roman Butler Fullerton & Co. grew its stake in Invesco S&P 500 Equal Weight ETF by 67.0% during the third quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock worth $2,046,000 after purchasing an additional 4,358 shares during the period. Finally, Caprock Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $4,966,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $202.82 on Monday. The business has a 50 day simple moving average of $197.91 and a 200 day simple moving average of $195.08. Invesco S&P 500 Equal Weight ETF has a one year low of $169.48 and a one year high of $205.24. The stock has a market capitalization of $87.50 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.