Invesco S&P 500 Equal Weight ETF $RSP Position Lifted by First United Bank & Trust

First United Bank & Trust raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 28.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,523 shares of the company’s stock after buying an additional 9,617 shares during the period. Invesco S&P 500 Equal Weight ETF comprises about 2.7% of First United Bank & Trust’s portfolio, making the stock its 9th largest holding. First United Bank & Trust’s holdings in Invesco S&P 500 Equal Weight ETF were worth $8,353,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RSP. NBZ Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $26,000. Dorato Capital Management purchased a new position in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $29,000. Finally, Hurley Capital LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 200.0% during the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares in the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7%

Shares of NYSEARCA RSP opened at $210.31 on Friday. The firm has a 50-day simple moving average of $206.21 and a 200-day simple moving average of $200.15. The stock has a market capitalization of $90.73 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 52 week low of $179.94 and a 52 week high of $214.30.

Invesco S&P 500 Equal Weight ETF Company Profile

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.