Truist Financial Corp Sells 111,398 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Truist Financial Corp lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,757,713 shares of the company’s stock after selling 111,398 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.7% of Truist Financial Corp’s holdings, making the stock its 25th biggest position. Truist Financial Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $528,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $26,000. NBZ Investment Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $26,000. Aviso Financial Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $28,000. IMA Advisory Services Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $33,000. Finally, Cloud Capital Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $35,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $202.82 on Monday. The business’s 50 day simple moving average is $197.91 and its two-hundred day simple moving average is $195.08. The firm has a market cap of $87.50 billion, a P/E ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $169.48 and a 52-week high of $205.24.

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.