Fortis Group Advisors LLC Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Fortis Group Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 59.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 64,398 shares of the company’s stock after acquiring an additional 23,889 shares during the period. Invesco S&P 500 Equal Weight ETF makes up about 2.1% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Fortis Group Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,284,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in RSP. Alpha Financial Partners LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 42.3% in the third quarter. Alpha Financial Partners LLC now owns 5,049 shares of the company’s stock valued at $905,000 after acquiring an additional 1,502 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $163,000. 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 buying an additional 173 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 52.5% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,104 shares of the company’s stock valued at $377,000 after acquiring an additional 724 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in Invesco S&P 500 Equal Weight ETF by 43.6% during the 3rd quarter. OLD National Bancorp IN now owns 8,955 shares of the company’s stock worth $1,604,000 after acquiring an additional 2,720 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 0.1 %

NYSEARCA:RSP opened at $181.08 on Tuesday. The firm has a market capitalization of $60.65 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $158.83 and a 1-year high of $188.16. The business’s 50-day moving average price is $179.08 and its two-hundred day moving average price is $177.98.

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).