Fiduciary Trust Co Reduces Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Fiduciary Trust Co lessened its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 596,233 shares of the company’s stock after selling 87,308 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for approximately 1.4% of Fiduciary Trust Co’s investment portfolio, making the stock its 14th biggest holding. Fiduciary Trust Co owned approximately 0.18% of Invesco S&P 500 Equal Weight ETF worth $104,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSP. Barclays PLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 10.5% in the 3rd quarter. Barclays PLC now owns 649,104 shares of the company’s stock valued at $116,294,000 after acquiring an additional 61,928 shares during the period. Franklin Resources Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 18.3% during the third quarter. Franklin Resources Inc. now owns 77,856 shares of the company’s stock worth $14,109,000 after buying an additional 12,048 shares during the last quarter. Fulton Bank N.A. increased its position in Invesco S&P 500 Equal Weight ETF by 35.1% in the 4th quarter. Fulton Bank N.A. now owns 2,665 shares of the company’s stock valued at $467,000 after acquiring an additional 693 shares during the period. ORG Partners LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 7,766.7% during the 4th quarter. ORG Partners LLC now owns 1,180 shares of the company’s stock valued at $207,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 5.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 546,726 shares of the company’s stock worth $97,952,000 after acquiring an additional 27,331 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 0.8 %

Shares of RSP stock opened at $172.61 on Friday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $150.35 and a twelve month high of $188.16. The business’s 50 day moving average is $168.73 and its two-hundred day moving average is $176.42. The company has a market capitalization of $71.80 billion, a P/E ratio of 19.70 and a beta of 1.01.

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).