Synovus Financial Corp Raises Stake in Invesco S&P 500 Equal Weight ETF $RSP

Synovus Financial Corp lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 680,638 shares of the company’s stock after purchasing an additional 56,823 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 1.5% of Synovus Financial Corp’s investment portfolio, making the stock its 14th largest position. Synovus Financial Corp owned 0.18% of Invesco S&P 500 Equal Weight ETF worth $129,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Brighton Jones LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 3.4% in the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $83,931,000. Bison Wealth LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 25.8% in the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after purchasing an additional 4,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth approximately $11,553,000. Finally, Balboa Wealth Partners purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $239,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Up 0.5%

Shares of NYSEARCA RSP opened at $203.57 on Thursday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $205.24. The firm has a market cap of $84.42 billion, a PE ratio of 20.10 and a beta of 0.99. The business has a fifty day simple moving average of $197.23 and a two-hundred day simple moving average of $191.35.

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.