Fluent Financial LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,907 shares of the company’s stock, valued at approximately $5,527,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 2.4% of Fluent Financial LLC’s holdings, making the stock its 11th largest position.
Several other large investors have also recently added to or reduced their stakes in the stock. Maltin Wealth Management Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 2.9% in the first quarter. Maltin Wealth Management Inc. now owns 19,728 shares of the company’s stock worth $3,417,000 after buying an additional 556 shares during the period. Naples Global Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $226,000. Sugar Maple Asset Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 22.4% in the first quarter. Sugar Maple Asset Management LLC now owns 1,814 shares of the company’s stock worth $314,000 after buying an additional 332 shares during the period. Lifestyle Asset Management Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $9,547,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter worth $23,155,000.
Invesco S&P 500 Equal Weight ETF Stock Performance
Shares of RSP opened at $177.64 on Thursday. The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 20.59 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $188.16. The stock’s fifty day moving average is $169.75 and its 200-day moving average is $175.97.
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).
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