Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) is Meridian Financial LLC’s 9th Largest Position

Meridian Financial LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,361 shares of the company’s stock after buying an additional 597 shares during the period. Invesco S&P 500 Equal Weight ETF makes up 2.3% of Meridian Financial LLC’s investment portfolio, making the stock its 9th largest holding. Meridian Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Riversedge Advisors LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 6.7% in the third 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. Blue Trust Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 39.6% during the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after purchasing an additional 173 shares during the period. Brightwater Advisory LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the 2nd quarter worth $3,227,000. Montis Financial LLC grew its position in Invesco S&P 500 Equal Weight ETF by 61.3% during the 3rd quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock worth $9,992,000 after purchasing an additional 21,202 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1.7% in the third quarter. Captrust Financial Advisors now owns 130,915 shares of the company’s stock valued at $23,455,000 after buying an additional 2,206 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP opened at $180.04 on Friday. The company has a market capitalization of $60.30 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $153.16 and a fifty-two week high of $188.16. The firm has a 50-day simple moving average of $180.54 and a 200-day simple moving average of $176.04.

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).