Pittenger & Anderson Inc. Cuts Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Pittenger & Anderson Inc. reduced its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,941 shares of the company’s stock after selling 85 shares during the period. Pittenger & Anderson Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $38,000. GAMMA Investing LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at approximately $38,000. SOA Wealth Advisors LLC. increased its position in Invesco S&P 500 Equal Weight ETF by 51.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock valued at $48,000 after purchasing an additional 103 shares during the period. CVA Family Office LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $76,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $90,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.2 %

Shares of RSP stock traded down $0.34 during trading hours on Thursday, hitting $162.35. 7,355,347 shares of the company’s stock traded hands, compared to its average volume of 6,605,450. The stock’s fifty day simple moving average is $164.03 and its two-hundred day simple moving average is $154.84. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80. The stock has a market cap of $55.12 billion, a price-to-earnings ratio of 20.43 and a beta of 0.93.

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).