Pinnacle Financial Partners Inc Raises Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pinnacle Financial Partners Inc boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,447 shares of the company’s stock after purchasing an additional 1,295 shares during the period. Pinnacle Financial Partners Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,201,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eastern Bank bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $28,000. Richardson Financial Services Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 100.0% during the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares during the period. GHP Investment Advisors Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. DHJJ Financial Advisors Ltd. raised its position in Invesco S&P 500 Equal Weight ETF by 107.5% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Creekmur Asset Management LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 86.5% in the 1st quarter. Creekmur Asset Management LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 90 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP opened at $183.71 on Thursday. The stock has a market capitalization of $61.53 billion, a PE ratio of 20.44 and a beta of 0.90. The stock’s 50 day moving average price is $178.06 and its 200-day moving average price is $170.89. Invesco S&P 500 Equal Weight ETF has a 52-week low of $142.77 and a 52-week high of $185.79.

Invesco S&P 500 Equal Weight ETF 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).