Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 778,315 shares of the company’s stock after selling 24,402 shares during the period. Bank of New York Mellon Corp owned approximately 0.18% of Invesco S&P 500 Equal Weight ETF worth $149,374,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in Invesco S&P 500 Equal Weight ETF by 2.5% during the 4th quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares during the period. Banta Asset Management LP bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $1,654,000. Allen Investment Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 32.8% in the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock valued at $27,286,000 after buying an additional 35,220 shares during the last quarter. Vise Technologies Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 144.2% during the fourth quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock valued at $968,000 after acquiring an additional 2,983 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 70,925 shares of the company’s stock valued at $13,586,000 after acquiring an additional 28,586 shares during the period. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $213.37 on Monday. Invesco S&P 500 Equal Weight ETF has a one year low of $179.94 and a one year high of $216.37. The company has a 50-day simple moving average of $209.58 and a 200-day simple moving average of $202.41. The firm has a market capitalization of $95.81 billion, a P/E ratio of 20.10 and a beta of 0.91.

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.