Founders Financial Alliance LLC Has $1.31 Million Stock Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Founders Financial Alliance LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 100.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,501 shares of the company’s stock after purchasing an additional 3,762 shares during the quarter. Founders Financial Alliance LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 157.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 144 shares of the company’s stock valued at $25,000 after purchasing an additional 88 shares during the period. Van ECK Associates Corp raised its stake in 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 buying an additional 78 shares during the period. FPC Investment Advisory Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth approximately $28,000. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $29,000. Finally, Hemington Wealth Management raised its stake in Invesco S&P 500 Equal Weight ETF by 84.0% during the 4th quarter. Hemington Wealth Management now owns 184 shares of the company’s stock worth $32,000 after buying an additional 84 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $174.20 on Tuesday. The stock’s 50 day simple moving average is $179.06 and its 200 day simple moving average is $179.19. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $158.83 and a fifty-two 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).