Renasant Bank Sells 3,629 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Renasant Bank reduced its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,035 shares of the company’s stock after selling 3,629 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.8% of Renasant Bank’s investment portfolio, making the stock its 14th largest holding. Renasant Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,689,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RSP. Pacific Point Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.2% during the 4th quarter. Pacific Point Advisors LLC now owns 1,305 shares of the company’s stock valued at $250,000 after acquiring an additional 52 shares during the period. Drucker Wealth 3.0 LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 1,701 shares of the company’s stock valued at $323,000 after acquiring an additional 55 shares during the period. Strategies Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 3.5% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 1,618 shares of the company’s stock valued at $307,000 after acquiring an additional 55 shares during the period. Battery Global Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Battery Global Advisors LLC now owns 12,710 shares of the company’s stock valued at $2,411,000 after acquiring an additional 55 shares during the period. Finally, Burns J W & Co. Inc. NY lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 13,281 shares of the company’s stock worth $2,519,000 after buying an additional 57 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2%

Shares of RSP stock opened at $200.41 on Thursday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $165.39 and a twelve month high of $205.24. The company has a market cap of $86.48 billion, a P/E ratio of 20.10 and a beta of 0.94. The business has a fifty day simple moving average of $197.90 and a 200 day simple moving average of $194.92.

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.