PNC Financial Services Group Inc. Reduces Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

PNC Financial Services Group Inc. lowered its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 12.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 397,203 shares of the company’s stock after selling 55,166 shares during the quarter. PNC Financial Services Group Inc. owned about 0.12% of Invesco S&P 500 Equal Weight ETF worth $69,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RSP. Pettinga Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $529,000. QRG Capital Management Inc. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 7.3% during the third quarter. QRG Capital Management Inc. now owns 3,238 shares of the company’s stock worth $580,000 after acquiring an additional 219 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the third quarter worth $2,730,000. Equitable Trust Co. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 9.7% in the third quarter. Equitable Trust Co. now owns 112,354 shares of the company’s stock worth $20,129,000 after acquiring an additional 9,965 shares during the period. Finally, CWA Asset Management Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $871,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $176.69 on Friday. The business’s fifty day moving average is $179.07 and its 200 day moving average is $179.13. The firm has a market cap of $73.45 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16.

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).