Fountainhead AM LLC Has $273,000 Stock Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Fountainhead AM LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 20.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,731 shares of the company’s stock after acquiring an additional 294 shares during the period. Fountainhead AM LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 12.8% during the third quarter. Morgan Stanley now owns 18,941,150 shares of the company’s stock worth $2,683,772,000 after buying an additional 2,153,993 shares during the last quarter. Truist Financial Corp grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.5% during the third quarter. Truist Financial Corp now owns 7,814,755 shares of the company’s stock worth $1,107,273,000 after buying an additional 112,526 shares during the last quarter. UBS Group AG grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 17.4% during the third quarter. UBS Group AG now owns 5,948,672 shares of the company’s stock worth $842,867,000 after buying an additional 880,506 shares during the last quarter. Invesco Ltd. grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 15.6% during the third quarter. Invesco Ltd. now owns 4,521,037 shares of the company’s stock worth $640,586,000 after buying an additional 609,306 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 70.7% during the third quarter. Bank of New York Mellon Corp now owns 3,732,901 shares of the company’s stock worth $528,915,000 after buying an additional 1,545,894 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Up 0.9 %

Shares of NYSEARCA RSP traded up $1.43 during midday trading on Tuesday, reaching $162.46. 3,997,270 shares of the company were exchanged, compared to its average volume of 6,627,177. The stock’s 50-day moving average price is $163.96 and its 200-day moving average price is $154.79. The stock has a market cap of $55.16 billion, a P/E ratio of 20.43 and a beta of 0.93. Invesco S&P 500 Equal Weight ETF has a one year low of $133.34 and a one year high of $169.80.

Invesco S&P 500 Equal Weight ETF Company Profile

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).