Mendota Financial Group LLC Sells 9,644 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Mendota Financial Group LLC lowered its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 29.9% in the third quarter, HoldingsChannel.com reports. The firm owned 22,616 shares of the company’s stock after selling 9,644 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.9% of Mendota Financial Group LLC’s portfolio, making the stock its 15th largest holding. Mendota Financial Group LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,705,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in Invesco S&P 500 Equal Weight ETF by 16.4% in the first quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock valued at $4,869,022,000 after purchasing an additional 3,567,441 shares during the period. Invesco Ltd. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 4.6% during the fourth quarter. Invesco Ltd. now owns 10,144,784 shares of the company’s stock worth $1,943,335,000 after buying an additional 444,846 shares during the period. State of Wisconsin Investment Board grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the fourth quarter. State of Wisconsin Investment Board now owns 8,485,519 shares of the company’s stock valued at $1,625,486,000 after buying an additional 1,060,181 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 13.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,460,000 shares of the company’s stock valued at $471,238,000 after buying an additional 285,000 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 11.8% in the fourth quarter. Cerity Partners LLC now owns 1,963,478 shares of the company’s stock valued at $376,124,000 after buying an additional 207,096 shares in the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded down $1.23 on Wednesday, hitting $211.10. The stock had a trading volume of 4,264,055 shares, compared to its average volume of 12,077,889. The company’s 50 day moving average price is $216.59 and its 200-day moving average price is $209.30. Invesco S&P 500 Equal Weight ETF has a 1 year low of $182.11 and a 1 year high of $223.43. The firm has a market capitalization of $96.07 billion, a P/E ratio of 20.10 and a beta of 0.92.

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.