Founders Financial Alliance LLC Buys 3,762 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Founders Financial Alliance LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 100.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,501 shares of the company’s stock after purchasing an additional 3,762 shares during the period. Founders Financial Alliance LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Global View Capital Management LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $462,000. Citizens Financial Group Inc. RI grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 39.4% in the fourth quarter. Citizens Financial Group Inc. RI now owns 13,299 shares of the company’s stock valued at $2,330,000 after acquiring an additional 3,756 shares in the last quarter. Net Worth Advisory Group grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 15.4% in the fourth quarter. Net Worth Advisory Group now owns 10,383 shares of the company’s stock valued at $1,819,000 after acquiring an additional 1,385 shares in the last quarter. Riverbend Wealth Management LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at approximately $2,370,000. Finally, Grant Street Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.1% in the fourth quarter. Grant Street Asset Management Inc. now owns 31,602 shares of the company’s stock valued at $5,538,000 after acquiring an additional 948 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 1.4 %

RSP stock opened at $174.20 on Tuesday. The firm has a market cap of $72.41 billion, a PE ratio of 21.37 and a beta of 1.07. The business has a 50 day moving average of $179.06 and a 200-day moving average of $179.19. Invesco S&P 500 Equal Weight ETF has a 12-month low of $158.83 and a 12-month high of $188.16.

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).