Briaud Financial Planning Inc Invests $300,000 in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Briaud Financial Planning Inc acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,676 shares of the company’s stock, valued at approximately $300,000. Invesco S&P 500 Equal Weight ETF makes up about 0.2% of Briaud Financial Planning Inc’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in RSP. Destination Wealth Management grew its stake in Invesco S&P 500 Equal Weight ETF by 5.1% in the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock valued at $328,000 after buying an additional 96 shares during the last quarter. Courage Miller Partners LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 0.6% in the 2nd quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock valued at $7,704,000 after purchasing an additional 273 shares during the last quarter. Riversedge Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 6.7% in the 3rd quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after acquiring an additional 7,883 shares during the period. Brown Brothers Harriman & Co. increased its position in Invesco S&P 500 Equal Weight ETF by 17.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock valued at $6,614,000 after acquiring an additional 6,001 shares during the period. Finally, Brightwater Advisory LLC acquired a new position in Invesco S&P 500 Equal Weight ETF in the 2nd quarter valued at approximately $3,227,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.3 %

RSP opened at $181.18 on Wednesday. The stock has a market cap of $60.68 billion, a PE ratio of 20.44 and a beta of 0.90. The company has a fifty day moving average of $179.05 and a 200-day moving average of $171.59. Invesco S&P 500 Equal Weight ETF has a twelve month low of $144.83 and a twelve month high of $185.79.

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).