Pinnacle Bancorp Inc. Grows Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pinnacle Bancorp Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,118 shares of the company’s stock after acquiring an additional 150 shares during the period. Pinnacle Bancorp Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 855.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,539,639 shares of the company’s stock worth $3,379,816,000 after buying an additional 18,390,083 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 4,090,639 shares of the company’s stock valued at $732,879,000 after acquiring an additional 354,184 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Invesco S&P 500 Equal Weight ETF by 4.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,438,000 shares of the company’s stock worth $436,792,000 after acquiring an additional 98,000 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 10.6% in the third quarter. Citigroup Inc. now owns 2,082,326 shares of the company’s stock valued at $373,069,000 after purchasing an additional 198,793 shares in the last quarter. Finally, Lbmc Investment Advisors LLC grew its position in shares of Invesco S&P 500 Equal Weight ETF by 0.3% in the third quarter. Lbmc Investment Advisors LLC now owns 1,338,431 shares of the company’s stock valued at $239,793,000 after purchasing an additional 4,661 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP opened at $177.77 on Thursday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.10 and a 1-year high of $188.16. The stock has a market cap of $59.54 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The firm has a 50 day simple moving average of $180.80 and a 200-day simple moving average of $175.79.

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).