PNC Financial Services Group Inc. Acquires 8,985 Shares of Invesco S&P 500 Equal Weight ETF $RSP

PNC Financial Services Group Inc. raised its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 481,117 shares of the company’s stock after purchasing an additional 8,985 shares during the period. PNC Financial Services Group Inc. owned approximately 0.12% of Invesco S&P 500 Equal Weight ETF worth $91,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RSP. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P 500 Equal Weight ETF by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock worth $4,481,285,000 after buying an additional 1,103,629 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 11.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock valued at $1,026,206,000 after acquiring an additional 589,365 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock valued at $368,487,000 after acquiring an additional 1,102,322 shares during the period. Phoenix Financial Ltd. grew 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 worth $335,472,000 after purchasing an additional 214,432 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 1,756,382 shares of the company’s stock worth $333,186,000 after purchasing an additional 54,925 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 1.0%

RSP stock opened at $202.87 on Monday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week high of $205.24. The business has a 50-day simple moving average of $196.54 and a 200 day simple moving average of $190.98. The company has a market cap of $84.13 billion, a PE ratio of 20.10 and a beta of 0.99.

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.