First United Bank & Trust Acquires 5,450 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

First United Bank & Trust grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 18.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,190 shares of the company’s stock after acquiring an additional 5,450 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 2.2% of First United Bank & Trust’s investment portfolio, making the stock its 8th largest holding. First United Bank & Trust’s holdings in Invesco S&P 500 Equal Weight ETF were worth $6,166,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. raised its stake in Invesco S&P 500 Equal Weight ETF by 0.3% during the 4th quarter. Atwood & Palmer Inc. now owns 34,127 shares of the company’s stock valued at $5,980,000 after acquiring an additional 119 shares during the last quarter. Culbertson A N & Co. Inc. increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 126.7% in the fourth quarter. Culbertson A N & Co. Inc. now owns 3,971 shares of the company’s stock valued at $696,000 after purchasing an additional 2,219 shares during the period. ZWJ Investment Counsel Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 6.0% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 45,691 shares of the company’s stock worth $8,006,000 after purchasing an additional 2,573 shares during the last quarter. Tudor Financial Inc. raised its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.5% during the fourth quarter. Tudor Financial Inc. now owns 11,718 shares of the company’s stock worth $2,053,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 2.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 40,404 shares of the company’s stock worth $7,080,000 after purchasing an additional 1,119 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $180.04 on Tuesday. The stock has a market capitalization of $60.30 billion, a P/E ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 1 year low of $153.16 and a 1 year high of $188.16. The company’s fifty day moving average is $180.54 and its two-hundred day moving average is $176.12.

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).