Summit Financial Group Inc. Has $8.51 Million Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Summit Financial Group Inc. reduced its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,251 shares of the company’s stock after selling 1,332 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 3.0% of Summit Financial Group Inc.’s investment portfolio, making the stock its 3rd biggest position. Summit Financial Group Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Morgan Stanley increased its holdings in Invesco S&P 500 Equal Weight ETF by 12.8% during the 3rd quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after acquiring an additional 2,153,993 shares during the period. Truist Financial Corp raised its position in shares of Invesco S&P 500 Equal Weight ETF by 1.5% in the third quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock worth $1,107,273,000 after buying an additional 112,526 shares in the last quarter. UBS Group AG boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.5% during the fourth quarter. UBS Group AG now owns 6,039,483 shares of the company’s stock valued at $953,030,000 after buying an additional 90,811 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth approximately $860,010,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $671,392,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA RSP traded up $0.41 during trading on Wednesday, hitting $165.28. 6,283,848 shares of the company’s stock traded hands, compared to its average volume of 6,134,082. The stock has a fifty day moving average of $164.13 and a two-hundred day moving average of $161.32. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80. The firm has a market cap of $55.36 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).