Legacy Private Trust Co. Acquires New Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Legacy Private Trust Co. bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, Holdings Channel reports. The institutional investor bought 6,854 shares of the company’s stock, valued at approximately $1,426,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Central Pacific Bank Trust Division lifted its position in Invesco S&P 500 Equal Weight ETF by 32.4% during the third quarter. Central Pacific Bank Trust Division now owns 27,795 shares of the company’s stock valued at $5,782,000 after purchasing an additional 6,795 shares during the last quarter. Horizons Wealth Management purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $732,000. CapWealth Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $6,734,000. Eastern Bank purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $155,449,000. Finally, Planning Strategies Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 60.8% during the third quarter. Planning Strategies Inc. now owns 2,390 shares of the company’s stock worth $497,000 after acquiring an additional 904 shares during the last quarter. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock traded up $1.31 during midday trading on Tuesday, reaching $212.43. 6,114,478 shares of the company traded hands, compared to its average volume of 12,088,099. The firm has a market capitalization of $97.42 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 52-week low of $182.11 and a 52-week high of $223.43. The business has a 50 day moving average of $216.70 and a 200-day moving average of $209.17.

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.