Fairvoy Private Wealth LLC Buys New Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Fairvoy Private Wealth LLC bought a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, Holdings Channel.com reports. The fund bought 102,495 shares of the company’s stock, valued at approximately $17,960,000. Invesco S&P 500 Equal Weight ETF accounts for approximately 4.8% of Fairvoy Private Wealth LLC’s holdings, making the stock its largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sandy Cove Advisors LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth approximately $222,000. Riversedge Advisors LLC raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.7% during the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock worth $22,471,000 after acquiring an additional 7,883 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 39.6% in the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after buying an additional 173 shares during the period. Montis Financial LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 61.3% in the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after buying an additional 21,202 shares during the period. Finally, Captrust Financial Advisors increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the third quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock worth $23,455,000 after buying an additional 2,206 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Down 0.1 %

Shares of NYSEARCA RSP opened at $181.11 on Friday. Invesco S&P 500 Equal Weight ETF has a 52 week low of $156.16 and a 52 week high of $188.16. The firm’s fifty day moving average is $179.89 and its 200 day moving average is $177.36. The company has a market cap of $60.66 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90.

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).