Invesco S&P 500 Equal Weight ETF $RSP Position Decreased by First United Bank & Trust

First United Bank & Trust decreased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,635 shares of the company’s stock after selling 4,753 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 2.2% of First United Bank & Trust’s holdings, making the stock its 8th largest position. First United Bank & Trust’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nova Wealth Management Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $25,000. Investment Counsel Co. of Nevada bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter worth about $29,000. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $32,000. GoalVest Advisory LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $34,000. Finally, Howe & Rusling Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 51.9% in the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after acquiring an additional 98 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Trading Up 0.1%

NYSEARCA RSP opened at $197.78 on Tuesday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $198.07. The stock has a market cap of $78.04 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The company’s 50 day moving average is $191.03 and its two-hundred day moving average is $188.44.

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.