Invesco S&P 500 Equal Weight ETF $RSP Stock: Birinyi Associates Inc. Trims Holdings

Birinyi Associates Inc. cut its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,116 shares of the company’s stock after selling 2,728 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 0.6% of Birinyi Associates Inc.’s holdings, making the stock its 26th biggest holding. Birinyi Associates Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSP. Bank of America Corp DE grew its holdings in Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after buying an additional 3,567,441 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $400,736,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock valued at $318,587,000 after acquiring an additional 60,000 shares in the last quarter. Trust Co of Tennessee raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.3% during the 3rd quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after purchasing an additional 12,435 shares during the period. Finally, First Interstate Bank boosted its stake in Invesco S&P 500 Equal Weight ETF by 0.6% in the first quarter. First Interstate Bank now owns 761,230 shares of the company’s stock valued at $146,095,000 after acquiring an additional 4,860 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.8%

Invesco S&P 500 Equal Weight ETF stock opened at $218.31 on Friday. The company has a market cap of $100.21 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The business’s 50 day simple moving average is $215.05 and its 200 day simple moving average is $207.75. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43.

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.