Penobscot Wealth Management Acquires 462 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Penobscot Wealth Management raised its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,475 shares of the company’s stock after acquiring an additional 462 shares during the period. Penobscot Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RSP. Beta Wealth Group Inc. lifted its position 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 period. Ceera Investments LLC purchased a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $267,000. Sandy Cove Advisors LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $222,000. Permanent Capital Management LP purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $25,956,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 84.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after acquiring an additional 33,861 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Invesco S&P 500 Equal Weight ETF stock opened at $171.07 on Thursday. Invesco S&P 500 Equal Weight ETF has a one year low of $158.83 and a one year high of $188.16. The stock has a fifty day moving average of $178.91 and a 200 day moving average of $179.12. The stock has a market cap of $71.11 billion, a PE ratio of 21.37 and a beta of 1.07.

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).