Redstone Wealth Management LLC Takes Position in Invesco S&P 500 Equal Weight Consumer Staples ETF $RSPS

Redstone Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF (NYSEARCA:RSPS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,344 shares of the company’s stock, valued at approximately $678,000. Invesco S&P 500 Equal Weight Consumer Staples ETF comprises approximately 0.5% of Redstone Wealth Management LLC’s holdings, making the stock its 23rd biggest position.

A number of other hedge funds have also recently made changes to their positions in RSPS. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 34,542.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 922,175 shares of the company’s stock valued at $26,771,000 after buying an additional 919,513 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the third quarter valued at about $2,022,000. JPMorgan Chase & Co. grew its holdings in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF by 87.1% during the second quarter. JPMorgan Chase & Co. now owns 78,929 shares of the company’s stock valued at $2,366,000 after buying an additional 36,742 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the third quarter valued at about $1,070,000. Finally, Hills Bank & Trust Co acquired a new position in shares of Invesco S&P 500 Equal Weight Consumer Staples ETF during the fourth quarter valued at about $483,000.

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

Shares of NYSEARCA RSPS opened at $30.04 on Monday. The stock has a market capitalization of $248.43 million, a P/E ratio of 17.33 and a beta of 0.43. The company has a 50-day moving average price of $29.65 and a 200-day moving average price of $30.14. Invesco S&P 500 Equal Weight Consumer Staples ETF has a 1 year low of $28.21 and a 1 year high of $33.37.

About Invesco S&P 500 Equal Weight Consumer Staples ETF

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.