First Commonwealth Financial Corp PA Acquires Shares of 12,942 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

First Commonwealth Financial Corp PA bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,942 shares of the company’s stock, valued at approximately $2,268,000. Invesco S&P 500 Equal Weight ETF makes up about 0.5% of First Commonwealth Financial Corp PA’s portfolio, making the stock its 28th biggest position.

Other institutional investors have also made changes to their positions in the company. Beta Wealth Group Inc. increased its stake in 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 purchasing an additional 150 shares during the last quarter. Tidemark LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 31.4% in the 4th quarter. Tidemark LLC now owns 431 shares of the company’s stock valued at $76,000 after buying an additional 103 shares during the period. Ceera Investments LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $267,000. Sandy Cove Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $222,000. Finally, Permanent Capital Management LP acquired a new stake in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $25,956,000.

Invesco S&P 500 Equal Weight ETF Stock Down 1.3 %

Shares of RSP stock opened at $161.46 on Thursday. The company has a market cap of $67.45 billion, a P/E ratio of 21.02 and a beta of 1.01. The business has a 50 day moving average of $172.90 and a two-hundred day moving average of $177.73. Invesco S&P 500 Equal Weight ETF has a 52 week low of $150.35 and a 52 week 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).