Independent Advisor Alliance Invests $11.17 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Independent Advisor Alliance purchased a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 63,724 shares of the company’s stock, valued at approximately $11,166,000.

A number of other institutional investors also recently made changes to their positions in the stock. Keene & Associates Inc. lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.6% in the 4th quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock worth $1,735,000 after acquiring an additional 56 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 2.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 2,857 shares of the company’s stock worth $501,000 after acquiring an additional 56 shares during the period. Beaumont Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock worth $327,000 after acquiring an additional 58 shares during the period. Ingalls & Snyder LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the 4th quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock worth $635,000 after acquiring an additional 58 shares during the period. Finally, Boston Standard Wealth Management LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 3.7% in the 4th quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock worth $300,000 after acquiring an additional 61 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Down 1.4 %

Shares of NYSEARCA:RSP opened at $174.20 on Tuesday. The company has a 50 day moving average of $179.06 and a 200-day moving average of $179.19. The firm has a market cap of $72.41 billion, a P/E ratio of 21.37 and a beta of 1.07. 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).