Riverbend Wealth Management LLC Acquires New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Riverbend Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,502 shares of the company’s stock, valued at approximately $2,370,000. Invesco S&P 500 Equal Weight ETF makes up approximately 2.1% of Riverbend Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSP. SJS Investment Consulting Inc. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after buying an additional 88 shares in the last quarter. FPC Investment Advisory Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $28,000. Van ECK Associates Corp boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% during the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after purchasing an additional 78 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $29,000. Finally, Roxbury Financial LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $34,000.

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

RSP stock opened at $174.20 on Tuesday. The company’s 50-day moving average price is $179.06 and its 200 day moving average price is $179.19. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16. The company has a market cap of $72.41 billion, a P/E ratio of 21.37 and a beta of 1.07.

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).