Foguth Wealth Management LLC. Makes New Investment in Invesco S&P 500 Equal Weight ETF $RSP

Foguth Wealth Management LLC. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, Holdings Channel reports. The firm purchased 4,050 shares of the company’s stock, valued at approximately $781,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RSP. Brighton Jones LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 3.4% during the fourth quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock worth $1,317,000 after purchasing an additional 246 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $83,931,000. Bison Wealth LLC increased its stake in Invesco S&P 500 Equal Weight ETF by 25.8% in the 4th quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock valued at $3,672,000 after buying an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $11,553,000. Finally, Main Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 1.4% during the 2nd quarter. Main Management LLC now owns 178,091 shares of the company’s stock worth $32,366,000 after buying an additional 2,499 shares in the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Price Performance

Invesco S&P 500 Equal Weight ETF stock opened at $193.32 on Friday. The company has a market cap of $80.17 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The firm has a 50-day moving average of $199.76 and a 200-day moving average of $193.29. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $205.24.

Invesco S&P 500 Equal Weight ETF 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.