CIBC Bancorp USA Inc. Makes New $72.02 Million Investment in Invesco S&P 500 Equal Weight ETF $RSP

CIBC Bancorp USA Inc. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the third quarter, Holdings Channel reports. The fund bought 379,662 shares of the company’s stock, valued at approximately $72,022,000.

Several other large investors have also modified their holdings of RSP. GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 107.0% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 265,995 shares of the company’s stock valued at $50,459,000 after buying an additional 137,493 shares during the period. CMG Global Holdings LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 13.6% during the third quarter. CMG Global Holdings LLC now owns 35,694 shares of the company’s stock worth $6,741,000 after buying an additional 4,262 shares during the period. Sowell Financial Services LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 23.2% during the third quarter. Sowell Financial Services LLC now owns 20,356 shares of the company’s stock worth $3,862,000 after buying an additional 3,829 shares during the period. Argent Advisors Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 5.8% during the 3rd quarter. Argent Advisors Inc. now owns 57,461 shares of the company’s stock valued at $10,900,000 after acquiring an additional 3,135 shares in the last quarter. Finally, Roman Butler Fullerton & Co. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 67.0% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,862 shares of the company’s stock valued at $2,046,000 after acquiring an additional 4,358 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.6%

RSP opened at $196.05 on Wednesday. The firm has a market cap of $81.30 billion, a price-to-earnings 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 stock has a fifty day moving average price of $199.85 and a 200-day moving average price of $193.29.

About Invesco S&P 500 Equal Weight ETF

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.