Fiduciary Family Office LLC Makes New $45.11 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Fiduciary Family Office LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, HoldingsChannel reports. The firm bought 257,411 shares of the company’s stock, valued at approximately $45,106,000. Invesco S&P 500 Equal Weight ETF comprises about 13.3% of Fiduciary Family Office LLC’s holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eastern Bank acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $28,000. GHP Investment Advisors Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $29,000. Richardson Financial Services Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Finally, Bristlecone Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $181.49 on Thursday. The firm has a 50 day simple moving average of $180.36 and a 200-day simple moving average of $176.40. The firm has a market cap of $60.79 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1-year low of $155.79 and a 1-year high of $188.16.

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).