First Horizon Corp Has $7.46 Million Stock Position in Invesco S&P 500 Equal Weight ETF $RSP

First Horizon Corp boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 91.1% in the 1st quarter, Holdings Channel reports. The firm owned 38,899 shares of the company’s stock after buying an additional 18,545 shares during the period. First Horizon Corp’s holdings in Invesco S&P 500 Equal Weight ETF were worth $7,465,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Dorato Capital Management bought a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC grew its position in Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock valued at $34,000 after acquiring an additional 118 shares during the last quarter. Basepoint Wealth LLC bought a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Up 0.6%

RSP stock opened at $213.50 on Friday. The stock has a market capitalization of $95.28 billion, a P/E ratio of 20.10 and a beta of 0.91. Invesco S&P 500 Equal Weight ETF has a 12 month low of $179.94 and a 12 month high of $216.37. The firm has a 50-day moving average price of $208.30 and a 200-day moving average price of $201.55.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.