Penobscot Investment Management Company Inc. Acquires 8,975 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Penobscot Investment Management Company Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 137.7% in the first quarter, Holdings Channel reports. The institutional investor owned 15,494 shares of the company’s stock after acquiring an additional 8,975 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $29,000. Hurley Capital LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the last quarter. Basepoint Wealth LLC purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $40,000. Finally, Raleigh Capital Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $42,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $214.73 on Wednesday. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37. The firm has a market cap of $95.83 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The firm has a 50-day simple moving average of $207.84 and a two-hundred day simple moving average of $201.26.

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.