Triangle Securities Wealth Management Buys 1,282 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Triangle Securities Wealth Management lifted its stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP – Get Rating) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,291 shares of the company’s stock after purchasing an additional 1,282 shares during the quarter. Triangle Securities Wealth Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,877,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $26,000. SOA Wealth Advisors LLC. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $31,000. Carolinas Wealth Consulting LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter worth about $32,000. Bourgeon Capital Management LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $32,000. Finally, Mach 1 Financial Group LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $37,000.

Invesco S&P 500 Equal Weight ETF Trading Down 1.7 %

Shares of RSP traded down $2.37 during midday trading on Friday, reaching $138.03. The stock had a trading volume of 4,967,326 shares, compared to its average volume of 3,332,961. The company’s 50-day moving average is $148.11 and its 200 day moving average is $142.48. Invesco S&P 500 Equal Weight ETF has a 12-month low of $124.92 and a 12-month high of $161.24. The company has a market capitalization of $32.94 billion, a price-to-earnings ratio of 16.13 and a beta of 1.06.

Invesco S&P 500 Equal Weight ETF Company Profile

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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).