Frank Rimerman Advisors LLC Buys 3,645 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Frank Rimerman Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,881 shares of the company’s stock after acquiring an additional 3,645 shares during the period. Invesco S&P 500 Equal Weight ETF accounts for about 0.8% of Frank Rimerman Advisors LLC’s holdings, making the stock its 18th biggest position. Frank Rimerman Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $11,019,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in RSP. Pettinga Financial Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the third quarter worth about $529,000. Assetmark Inc. raised its position in Invesco S&P 500 Equal Weight ETF by 264.6% in the third quarter. Assetmark Inc. now owns 2,089 shares of the company’s stock worth $374,000 after acquiring an additional 1,516 shares during the period. Oak Harbor Wealth Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF by 1.9% in the third quarter. Oak Harbor Wealth Partners LLC now owns 19,542 shares of the company’s stock worth $3,501,000 after acquiring an additional 355 shares during the period. Intellectus Partners LLC raised its position in Invesco S&P 500 Equal Weight ETF by 36.3% in the third quarter. Intellectus Partners LLC now owns 11,545 shares of the company’s stock worth $2,068,000 after acquiring an additional 3,073 shares during the period. Finally, BluePointe Capital Management LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 82.9% in the third quarter. BluePointe Capital Management LLC now owns 11,151 shares of the company’s stock worth $1,998,000 after purchasing an additional 5,053 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 1.9 %

RSP opened at $172.66 on Friday. The company has a market capitalization of $71.77 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. The firm has a 50-day moving average price of $178.73 and a 200-day moving average price of $179.04. Invesco S&P 500 Equal Weight ETF has a twelve month low of $158.83 and a twelve month high of $188.16.

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).