Sandy Spring Bank raised its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 21.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,580 shares of the company’s stock after acquiring an additional 990 shares during the quarter. Sandy Spring Bank’s holdings in Invesco S&P 500 Equal Weight ETF were worth $836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RSP. FMR LLC grew its position in Invesco S&P 500 Equal Weight ETF by 7.4% in the 1st quarter. FMR LLC now owns 18,240 shares of the company’s stock valued at $1,905,000 after acquiring an additional 1,251 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 8.2% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 3,414 shares of the company’s stock valued at $515,000 after buying an additional 259 shares during the period. US Bancorp DE boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 60.4% in the 2nd quarter. US Bancorp DE now owns 17,244 shares of the company’s stock valued at $2,600,000 after buying an additional 6,491 shares during the period. FDx Advisors Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at about $374,000. Finally, Fifth Third Bancorp boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 14.3% in the 2nd quarter. Fifth Third Bancorp now owns 3,923 shares of the company’s stock valued at $591,000 after buying an additional 490 shares during the period.

Shares of RSP opened at $162.89 on Tuesday. The stock has a 50-day simple moving average of $159.38 and a 200-day simple moving average of $155.28. Invesco S&P 500 Equal Weight ETF has a 1 year low of $124.62 and a 1 year high of $163.86.

Invesco S&P 500 Equal Weight ETF 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).

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