Townsend & Associates Inc Takes $1.91 Million Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Townsend & Associates Inc bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,273 shares of the company’s stock, valued at approximately $1,913,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. Xponance Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 5.0% in the 3rd quarter. Xponance Inc. now owns 3,131 shares of the company’s stock valued at $444,000 after purchasing an additional 148 shares during the period. Ironwood Wealth Management LLC. lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 12.7% during the 3rd quarter. Ironwood Wealth Management LLC. now owns 16,373 shares of the company’s stock valued at $2,320,000 after buying an additional 1,850 shares in the last quarter. Hills Bank & Trust Co purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth $145,000. Fiduciary Planning LLC increased its holdings in Invesco S&P 500 Equal Weight ETF by 480.7% in the 3rd quarter. Fiduciary Planning LLC now owns 17,863 shares of the company’s stock worth $2,531,000 after acquiring an additional 14,787 shares in the last quarter. Finally, First City Capital Management Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth $208,000.

Invesco S&P 500 Equal Weight ETF Stock Up 0.6 %

Shares of NYSEARCA RSP traded up $0.98 during trading on Thursday, hitting $165.44. The company had a trading volume of 1,892,781 shares, compared to its average volume of 6,469,287. The firm has a market capitalization of $55.41 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock has a fifty day simple moving average of $164.35 and a two-hundred day simple moving average of $156.32. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $169.80.

Invesco S&P 500 Equal Weight ETF Company 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).