Bangor Savings Bank Grows Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Bangor Savings Bank lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,142 shares of the company’s stock after buying an additional 13,926 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 2.9% of Bangor Savings Bank’s investment portfolio, making the stock its 10th largest position. Bangor Savings Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $36,424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Equal Weight ETF by 2.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 25,293,041 shares of the company’s stock valued at $4,798,090,000 after acquiring an additional 635,369 shares during the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.8% during the 3rd quarter. Phoenix Financial Ltd. now owns 1,768,432 shares of the company’s stock valued at $335,472,000 after purchasing an additional 214,432 shares during the last quarter. Cerity Partners LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the third quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock valued at $333,186,000 after purchasing an additional 54,925 shares in the last quarter. Lbmc Investment Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% during the third quarter. Lbmc Investment Advisors LLC now owns 1,336,510 shares of the company’s stock valued at $253,536,000 after purchasing an additional 6,770 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 13.2% in the third quarter. Focus Partners Wealth now owns 1,297,134 shares of the company’s stock worth $245,646,000 after purchasing an additional 150,899 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.3%

NYSEARCA:RSP opened at $192.54 on Thursday. The company has a market capitalization of $79.85 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24. The business’s 50-day moving average is $198.44 and its 200 day moving average is $193.50.

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.