Flagstar Advisors Inc. Acquires 6,914 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Flagstar Advisors Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 65.9% during the fourth quarter, HoldingsChannel reports. The firm owned 17,403 shares of the company’s stock after buying an additional 6,914 shares during the quarter. Flagstar Advisors Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,049,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Beta Wealth Group Inc. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.4% during the fourth quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after buying an additional 150 shares during the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth $222,000. Strategic Financial Concepts LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 84.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock valued at $12,958,000 after purchasing an additional 33,861 shares during the period. Telos Capital Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.9% in the fourth quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock worth $3,053,000 after purchasing an additional 808 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 39.6% in the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after buying an additional 173 shares during the period.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock opened at $182.47 on Wednesday. The company has a market capitalization of $61.12 billion, a P/E ratio of 20.44 and a beta of 0.90. The company’s 50-day simple moving average is $179.01 and its two-hundred day simple moving average is $178.06. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16.

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).