First Horizon Advisors Inc. Increases Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

First Horizon Advisors Inc. lifted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,373 shares of the company’s stock after purchasing an additional 7,106 shares during the quarter. First Horizon Advisors Inc. owned 0.05% of Invesco S&P 500 Equal Weight ETF worth $23,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Howe & Rusling Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $26,000. GAMMA Investing LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at about $38,000. Core Wealth Advisors Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $38,000. SOA Wealth Advisors LLC. boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 51.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 303 shares of the company’s stock valued at $48,000 after buying an additional 103 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth approximately $76,000.

Invesco S&P 500 Equal Weight ETF Price Performance

Shares of RSP stock traded up $0.61 during trading hours on Thursday, reaching $161.26. 3,080,736 shares of the company traded hands, compared to its average volume of 6,530,017. The firm has a 50-day moving average price of $164.23 and a 200 day moving average price of $155.57. The company has a market cap of $54.01 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 12-month low of $133.34 and a 12-month high of $169.80.

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).