WASHINGTON TRUST Co Cuts Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

WASHINGTON TRUST Co lessened its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,794 shares of the company’s stock after selling 5,816 shares during the quarter. WASHINGTON TRUST Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,451,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RSP. Varma Mutual Pension Insurance Co purchased a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $327,184,000. Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Equal Weight ETF by 3.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,252,217 shares of the company’s stock worth $5,028,875,000 after acquiring an additional 959,176 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Invesco S&P 500 Equal Weight ETF by 5,593.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 972,762 shares of the company’s stock worth $186,343,000 after acquiring an additional 955,677 shares in the last quarter. AlphaCore Capital LLC raised its position in Invesco S&P 500 Equal Weight ETF by 622.2% in the fourth quarter. AlphaCore Capital LLC now owns 593,537 shares of the company’s stock worth $113,698,000 after acquiring an additional 511,351 shares in the last quarter. Finally, Endurance Services Ltd purchased a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $96,962,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $208.83 on Friday. The stock has a fifty day moving average price of $199.81 and a two-hundred day moving average price of $197.16. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. Invesco S&P 500 Equal Weight ETF has a 1 year low of $174.27 and a 1 year high of $209.32.

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.