Fortress Financial Group LLC Buys Shares of 38,124 Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Fortress Financial Group LLC bought a new position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, HoldingsChannel.com reports. The fund bought 38,124 shares of the company’s stock, valued at approximately $6,681,000. Invesco S&P 500 Equal Weight ETF makes up approximately 6.6% of Fortress Financial Group LLC’s investment portfolio, making the stock its 4th largest position.

Other institutional investors also recently made changes to their positions in the company. Beta Wealth Group Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.4% during the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock worth $440,000 after acquiring an additional 150 shares during the period. Sandy Cove Advisors LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $222,000. Strategic Financial Concepts LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 84.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock valued at $12,958,000 after buying an additional 33,861 shares during the period. Telos Capital Management Inc. boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 4.9% during the 4th quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock valued at $3,053,000 after buying an additional 808 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Invesco S&P 500 Equal Weight ETF by 105.4% in the 4th quarter. Van ECK Associates Corp now owns 152 shares of the company’s stock worth $27,000 after buying an additional 78 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

RSP stock opened at $178.20 on Friday. The firm has a market capitalization of $74.07 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 $179.08 and a 200-day moving average price of $178.74. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week 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).