PNC Financial Services Group Inc. Raises Position in Invesco S&P 500 Equal Weight ETF $RSP

PNC Financial Services Group Inc. grew its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 523,432 shares of the company’s stock after purchasing an additional 49,098 shares during the period. PNC Financial Services Group Inc. owned approximately 0.12% of Invesco S&P 500 Equal Weight ETF worth $100,457,000 at the end of the most recent reporting period.

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

Invesco S&P 500 Equal Weight ETF Trading Down 0.0%

Shares of RSP opened at $212.70 on Thursday. The company’s fifty day simple moving average is $210.12 and its 200-day simple moving average is $202.84. The company has a market cap of $95.66 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37.

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.