PNC Financial Services Group Inc. Sells 6,783 Shares of Invesco S&P 500 Equal Weight ETF $RSP

PNC Financial Services Group Inc. reduced its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 474,334 shares of the company’s stock after selling 6,783 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $90,863,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RSP. Dorato Capital Management bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. NBZ Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $26,000. Aviso Financial Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $28,000. IMA Advisory Services Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at about $33,000. Finally, Cloud Capital Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth about $35,000. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $203.83 on Thursday. The business has a 50-day moving average of $198.11 and a 200-day moving average of $196.24. The company has a market capitalization of $87.93 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 $173.00 and a 1 year high of $205.53.

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.