Pinnacle Financial Partners Inc Sells 8,274 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Pinnacle Financial Partners Inc decreased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 36.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,706 shares of the company’s stock after selling 8,274 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,790,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. North Peak Capital Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 227.3% during the 2nd quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock worth $249,735,000 after acquiring an additional 2,453,262 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $4,481,285,000 after purchasing an additional 1,103,629 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Invesco S&P 500 Equal Weight ETF by 119.1% during the second 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 buying an additional 1,102,322 shares during the period. Corient Private Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 303.3% in the second quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock worth $184,495,000 after buying an additional 763,825 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Invesco S&P 500 Equal Weight ETF by 11.7% in the second quarter. JPMorgan Chase & Co. now owns 5,646,560 shares of the company’s stock worth $1,026,206,000 after buying an additional 589,365 shares in the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 0.3%

Shares of NYSEARCA RSP opened at $199.05 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $200.10. The stock’s fifty day simple moving average is $191.98 and its two-hundred day simple moving average is $188.86. The stock has a market capitalization of $80.05 billion, a PE ratio of 20.10 and a beta of 0.99.

Invesco S&P 500 Equal Weight ETF Company 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.