Confluence Wealth Services Inc. Invests $6.11 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Confluence Wealth Services Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,523 shares of the company’s stock, valued at approximately $6,113,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at about $222,000. Riversedge Advisors LLC lifted its holdings in Invesco S&P 500 Equal Weight ETF by 6.7% in the 3rd 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. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after purchasing an additional 173 shares in the last quarter. Montis Financial LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after purchasing an additional 21,202 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock worth $23,455,000 after purchasing an additional 2,206 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $180.47 on Wednesday. The stock has a market capitalization of $60.45 billion, a P/E ratio of 20.44 and a beta of 0.90. The business’s fifty day moving average is $180.14 and its two-hundred day moving average is $177.25. Invesco S&P 500 Equal Weight ETF has a 1 year low of $156.13 and a 1 year high of $188.16.

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).