Parsons Capital Management Inc. RI Reduces Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

Parsons Capital Management Inc. RI cut its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,292 shares of the company’s stock after selling 4,403 shares during the period. Parsons Capital Management Inc. RI’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Counsel Co. of Nevada purchased a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $29,000. Tompkins Financial Corp acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth approximately $32,000. GoalVest Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the second quarter worth approximately $34,000. Howe & Rusling Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 51.9% during the 2nd quarter. Howe & Rusling Inc. now owns 287 shares of the company’s stock worth $52,000 after buying an additional 98 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 30.5% in the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock valued at $56,000 after buying an additional 72 shares in the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP opened at $199.05 on Tuesday. The firm’s fifty day moving average price is $192.19 and its 200 day moving average price is $188.99. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $200.10. The company has a market capitalization of $80.05 billion, a price-to-earnings 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.