Pinnacle Associates Ltd. Sells 18,596 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pinnacle Associates Ltd. trimmed its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,031 shares of the company’s stock after selling 18,596 shares during the period. Pinnacle Associates Ltd.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $21,146,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Tran Capital Management L.P. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth $434,000. Destination Wealth Management raised its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% during the second quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock valued at $328,000 after buying an additional 96 shares during the last quarter. Courage Miller Partners LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% in the second quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock valued at $7,704,000 after buying an additional 273 shares during the period. Blair William & Co. IL grew its position in Invesco S&P 500 Equal Weight ETF by 13.2% during the first quarter. Blair William & Co. IL now owns 205,203 shares of the company’s stock worth $34,755,000 after buying an additional 23,957 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock valued at $6,614,000 after acquiring an additional 6,001 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP traded up $0.18 during trading on Wednesday, hitting $178.76. 1,323,245 shares of the stock were exchanged, compared to its average volume of 6,033,775. The company’s fifty day simple moving average is $176.79 and its 200-day simple moving average is $169.51. The company has a market capitalization of $59.87 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $134.50 and a 1-year high of $182.22.

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).