Fluent Financial LLC Buys Shares of 38,789 Invesco S&P 500 Equal Weight ETF $RSP

Fluent Financial LLC bought a new position in shares of 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 & Exchange Commission. The fund bought 38,789 shares of the company’s stock, valued at approximately $7,430,000. Invesco S&P 500 Equal Weight ETF comprises about 2.8% of Fluent Financial LLC’s holdings, making the stock its 8th biggest position.

Several other institutional investors also recently modified their holdings of the stock. NBZ Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $26,000. Aviso Financial Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. Investment Counsel Co. of Nevada bought a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $29,000. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $32,000. Finally, IMA Advisory Services Inc. acquired a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $33,000. 61.18% of the stock is currently owned by institutional investors and hedge funds.

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

Invesco S&P 500 Equal Weight ETF stock opened at $188.46 on Friday. The stock has a 50-day moving average price of $198.88 and a two-hundred day moving average price of $193.46. Invesco S&P 500 Equal Weight ETF has a 12 month low of $150.35 and a 12 month high of $205.24. The company has a market capitalization of $78.15 billion, a PE ratio of 20.10 and a beta of 0.99.

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.