Members Trust Co Sells 6,609 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Members Trust Co lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 14.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 38,333 shares of the company’s stock after selling 6,609 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up approximately 0.2% of Members Trust Co’s investment portfolio, making the stock its 21st largest position. Members Trust Co’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Morgan Stanley grew its position in Invesco S&P 500 Equal Weight ETF by 7.9% during the fourth quarter. Morgan Stanley now owns 31,346,217 shares of the company’s stock valued at $6,004,682,000 after buying an additional 2,285,526 shares during the period. Varma Mutual Pension Insurance Co purchased a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at approximately $327,184,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $306,496,000. BW Gestao de Investimentos Ltda. bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $287,168,000. Finally, State of Wisconsin Investment Board boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% during the 4th quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock worth $1,625,486,000 after acquiring an additional 1,060,181 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $213.45 on Wednesday. The firm has a fifty day moving average price of $209.00 and a 200-day moving average price of $201.98. Invesco S&P 500 Equal Weight ETF has a 1 year low of $179.94 and a 1 year high of $216.37. The company has a market cap of $95.86 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91.

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.