Founders Capital Management Purchases 352 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Founders Capital Management increased its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,895 shares of the company’s stock after acquiring an additional 352 shares during the quarter. Founders Capital Management’s holdings in Invesco S&P 500 Equal Weight ETF were worth $507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. GHP Investment Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 79.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at approximately $29,000. Richardson Financial Services Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock worth $29,000 after purchasing an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Trading Up 0.2 %

Shares of RSP stock traded up $0.37 during trading hours on Monday, hitting $173.62. 5,281,162 shares of the company were exchanged, compared to its average volume of 7,242,179. The company has a market capitalization of $58.15 billion, a PE ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $153.10 and a 52 week high of $188.16. The business has a 50 day moving average of $180.89 and a two-hundred day moving average of $175.64.

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).