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

First Western Trust Bank acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the third quarter, Holdings Channel reports. The firm acquired 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 holdings, making the stock its 8th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% during the 3rd quarter. MAI Capital Management now owns 443,205 shares of the company’s stock valued at $79,405,000 after acquiring an additional 21,612 shares during the period. Equity Investment Corp boosted its holdings in Invesco S&P 500 Equal Weight ETF by 286.7% during the third quarter. Equity Investment Corp now owns 10,730 shares of the company’s stock worth $1,922,000 after purchasing an additional 7,955 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 1.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,504 shares of the company’s stock worth $2,957,000 after buying an additional 197 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at $298,000. Finally, Peterson Financial Group Inc. bought a new position in Invesco S&P 500 Equal Weight ETF during the third quarter valued at about $59,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.7 %

Shares of RSP stock opened at $180.94 on Monday. The company has a 50 day moving average of $178.67 and a 200-day moving average of $171.32. Invesco S&P 500 Equal Weight ETF has a 12-month low of $144.35 and a 12-month high of $185.79. The firm has a market cap of $60.60 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).