Fluent Financial LLC increased its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Free Report) by 20.7% during the 3rd quarter, Holdings Channel reports. The firm owned 48,818 shares of the company’s stock after acquiring an additional 8,380 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises approximately 3.7% of Fluent Financial LLC’s investment portfolio, making the stock its 6th largest holding. Fluent Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,155,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at $26,000. Brandywine Financial Group grew its position in shares of Invesco S&P 500 Equal Weight ETF by 636.8% during the 2nd quarter. Brandywine Financial Group now owns 140 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Rogco LP purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at about $34,000. Finally, Hurley Capital LLC increased its position in Invesco S&P 500 Equal Weight ETF by 200.0% during the 4th quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.
Invesco S&P 500 Equal Weight ETF Price Performance
Shares of NYSEARCA:RSP traded up $0.11 during trading hours on Tuesday, hitting $213.30. The company’s stock had a trading volume of 7,360,186 shares, compared to its average volume of 12,005,453. Invesco S&P 500 Equal Weight ETF has a 52 week low of $182.11 and a 52 week high of $223.43. The company has a market capitalization of $97.90 billion, a price-to-earnings ratio of 20.10 and a beta of 0.92. The firm’s fifty day moving average price is $216.16 and its 200 day moving average price is $210.02.
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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.
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