Mon Sep 23 15:15:38 UTC 2024: ## Institutional Investors Make Moves on Invesco S&P 500 Equal Weight ETF (RSP)

**New York, NY -** Steel Grove Capital Advisors LLC reduced its stake in the Invesco S&P 500 Equal Weight ETF (RSP) by 42.1% during the second quarter, according to a recent 13F filing. The firm now owns 12,137 shares of the ETF, valued at $1,994,000.

This move comes as other institutional investors have made changes to their positions in RSP as well. VitalStone Financial LLC acquired a new position in the ETF during the fourth quarter, valued at approximately $303,000. Optimum Investment Advisors increased its stake in RSP by 95.5% during the first quarter, now owning 2,170 shares valued at $368,000.

Tran Capital Management L.P. and Mitchell Sinkler & Starr PA also acquired new stakes in RSP during the first and fourth quarters, respectively, valued at $434,000 and $506,000. Commerce Bank increased its holdings by 25.4% during the fourth quarter, now owning 2,387 shares valued at $377,000.

RSP opened at $177.44 on Monday, with a market capitalization of $59.43 billion. The ETF has a P/E ratio of 20.44 and a beta of 0.90. It seeks to replicate the performance of the S&P 500 Equal Weight Index, which covers 500 major US companies across different sectors.

While some investors are trimming their positions, others are acquiring new stakes or increasing their holdings in RSP, indicating continued interest in the ETF. This activity suggests that institutional investors are actively managing their portfolios within the evolving market landscape.

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