Pinnacle Financial Partners Inc Has $4.48 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pinnacle Financial Partners Inc lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,342 shares of the company’s stock after acquiring an additional 1,895 shares during the period. Pinnacle Financial Partners Inc’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,480,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Beta Wealth Group Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after acquiring an additional 150 shares during the period. Sandy Cove Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $222,000. Strategic Financial Concepts LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 84.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after purchasing an additional 33,861 shares in the last quarter. Telos Capital Management Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 4.9% during the 4th quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock worth $3,053,000 after purchasing an additional 808 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after purchasing an additional 173 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $179.82 on Friday. The business has a 50 day simple moving average of $178.93 and a 200 day simple moving average of $178.44. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).