First Western Trust Bank Invests $30.29 Million in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

First Western Trust Bank bought a new position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 169,069 shares of the company’s stock, valued at approximately $30,290,000. Invesco S&P 500 Equal Weight ETF accounts for 1.4% of First Western Trust Bank’s portfolio, making the stock its 8th largest holding. First Western Trust Bank owned 0.05% of Invesco S&P 500 Equal Weight ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CPA Asset Management LLC raised its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% in the third quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock valued at $248,000 after purchasing an additional 62 shares during the period. Inlet Private Wealth LLC increased its position in Invesco S&P 500 Equal Weight ETF by 2.2% during the 3rd quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after buying an additional 63 shares during the period. Delta Investment Management LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the second quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock worth $2,603,000 after buying an additional 65 shares in the last quarter. America First Investment Advisors LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.6% in the second quarter. America First Investment Advisors LLC now owns 2,607 shares of the company’s stock valued at $428,000 after acquiring an additional 66 shares during the period. Finally, Opal Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.6% in the second quarter. Opal Wealth Advisors LLC now owns 4,353 shares of the company’s stock valued at $715,000 after acquiring an additional 67 shares in the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $180.94 on Monday. The firm has a market cap of $60.60 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $144.35 and a 52 week high of $185.79. The firm’s 50-day simple moving average is $178.67 and its 200 day simple moving average is $171.32.

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).