Synovus Financial Corp Boosts Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Synovus Financial Corp increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 498,793 shares of the company’s stock after acquiring an additional 7,244 shares during the period. Invesco S&P 500 Equal Weight ETF comprises approximately 1.0% of Synovus Financial Corp’s holdings, making the stock its 16th largest position. Synovus Financial Corp owned approximately 0.15% of Invesco S&P 500 Equal Weight ETF worth $89,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Destination Wealth Management grew its position in Invesco S&P 500 Equal Weight ETF by 5.1% in the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after purchasing an additional 96 shares during the period. Courage Miller Partners LLC grew its holdings 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 worth $7,704,000 after acquiring an additional 273 shares during the period. Riversedge Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after acquiring an additional 7,883 shares during the last quarter. Blue Trust Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 39.6% in the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after acquiring an additional 173 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in Invesco S&P 500 Equal Weight ETF by 17.5% in the second 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 during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4 %

Invesco S&P 500 Equal Weight ETF stock opened at $182.80 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $151.93 and a 52-week high of $188.16. The company has a market cap of $61.23 billion, a P/E ratio of 20.44 and a beta of 0.90. The business has a 50-day simple moving average of $181.94 and a two-hundred day simple moving average of $173.77.

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).