Spire Wealth Management Buys 7,418 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Spire Wealth Management increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,501 shares of the company’s stock after buying an additional 7,418 shares during the quarter. Spire Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth approximately $26,000. Aviso Financial Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at $28,000. Investment Counsel Co. of Nevada acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at $29,000. Tompkins Financial Corp bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter worth $32,000. Finally, IMA Advisory Services Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter worth $33,000. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $188.46 on Monday. The company has a market capitalization of $78.15 billion, a P/E ratio of 20.10 and a beta of 0.99. The firm’s fifty day moving average price is $198.88 and its two-hundred day moving average price is $193.51. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $150.35 and a fifty-two week high of $205.24.

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). 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.