Invesco S&P 500 Equal Weight ETF $RSP Stock: Parallel Advisors LLC Cuts Stake

Parallel Advisors LLC reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.9% during the third quarter, HoldingsChannel.com reports. The firm owned 48,182 shares of the company’s stock after selling 4,681 shares during the period. Parallel Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,023,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 16.4% during the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after buying an additional 3,567,441 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at approximately $400,736,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,660,000 shares of the company’s stock worth $318,587,000 after buying an additional 60,000 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth approximately $248,531,000. Finally, Trust Co of Tennessee raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.3% in the third quarter. Trust Co of Tennessee now owns 1,000,351 shares of the company’s stock worth $208,091,000 after buying an additional 12,435 shares during the period. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.4%

Shares of RSP stock traded down $0.82 on Friday, reaching $216.05. 13,096,930 shares of the company’s stock were exchanged, compared to its average volume of 11,916,534. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $224.20. The stock has a market capitalization of $100.26 billion, a PE ratio of 20.10 and a beta of 0.91. The company’s fifty day simple moving average is $214.78 and its 200 day simple moving average is $208.27.

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.