Bangor Savings Bank Lowers Stake in Invesco S&P 500 Equal Weight ETF $RSP

Bangor Savings Bank trimmed its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 280,264 shares of the company’s stock after selling 2,500 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 4.4% of Bangor Savings Bank’s investment portfolio, making the stock its 6th biggest position. Bangor Savings Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $58,301,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RSP. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 16.4% in the 1st quarter. Bank of America Corp DE now owns 25,370,060 shares of the company’s stock worth $4,869,022,000 after purchasing an additional 3,567,441 shares during the period. Invesco Ltd. increased its holdings in 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 valued at $1,943,335,000 after buying an additional 444,846 shares during the last quarter. State of Wisconsin Investment Board raised its position in 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 worth $1,625,486,000 after acquiring an additional 1,060,181 shares during the period. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 7.1% during the 4th quarter. LPL Financial LLC now owns 5,486,948 shares of the company’s stock worth $1,051,080,000 after acquiring an additional 362,412 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Invesco S&P 500 Equal Weight ETF by 13.1% during the 4th 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 acquiring an additional 285,000 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Up 0.6%

NYSEARCA:RSP traded up $1.21 during mid-day trading on Tuesday, hitting $212.33. 11,995,815 shares of the company traded hands, compared to its average volume of 12,119,822. The stock’s fifty day moving average price is $216.70 and its 200-day moving average price is $209.17. Invesco S&P 500 Equal Weight ETF has a one year low of $182.11 and a one year high of $223.43. The firm has a market cap of $97.37 billion, a price-to-earnings 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.