28,808 Invesco S&P 500 Equal Weight ETF $RSP Shares Sold by Bell Bank

Bell Bank cut its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.5% in the 3rd quarter, Holdings Channel reports. The firm owned 606,077 shares of the company’s stock after selling 28,808 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 4.8% of Bell Bank’s portfolio, making the stock its 5th biggest position. Bell Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $126,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Highland Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $26,000. Brandywine Financial Group increased its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the second quarter. Brandywine Financial Group now owns 140 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Rogco LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the second quarter valued at about $34,000. Asset Dedication LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $36,000. Finally, Raleigh Capital Management Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the first quarter worth about $42,000. 61.18% of the stock is owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $215.86 on Wednesday. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The company has a 50-day simple moving average of $215.58 and a two-hundred day simple moving average of $210.85. The firm has a market capitalization of $99.76 billion, a PE ratio of 20.10 and a beta of 0.92.

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.