Royal Fund Management LLC Invests $2.91 Million in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS)

Royal Fund Management LLC bought a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 92,634 shares of the company’s stock, valued at approximately $2,909,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RSPS. Private Wealth Group LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter worth about $5,445,000. Stonebridge Financial Planning Group LLC acquired a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 4th quarter valued at approximately $2,219,000. Joseph P. Lucia & Associates LLC purchased a new stake in Invesco S&P 500 Equal Weight Consumer Staples ETF during the 4th quarter worth approximately $1,823,000. Planning Directions Inc. acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter valued at approximately $1,783,000. Finally, Truist Financial Corp acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF in the 4th quarter valued at approximately $1,490,000.

Invesco S&P 500 Equal Weight Consumer Staples ETF Stock Performance

Shares of RSPS stock traded up $0.05 during mid-day trading on Friday, reaching $31.96. 25,413 shares of the company were exchanged, compared to its average volume of 87,345. The company has a market capitalization of $429.54 million, a P/E ratio of 16.20 and a beta of 0.71. The business’s 50 day simple moving average is $32.05 and its 200 day simple moving average is $31.12. Invesco S&P 500 Equal Weight Consumer Staples ETF has a fifty-two week low of $28.28 and a fifty-two week high of $35.24.

Invesco S&P 500 Equal Weight Consumer Staples ETF Company Profile

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is an exchange-traded fund that mostly invests in consumer staples equity. The fund tracks an equal-weighted index of large-cap US consumer staples stocks drawn from the S&P 500. RSPS was launched on Nov 1, 2006 and is managed by Invesco.