Meridian Wealth Advisors LLC Increases Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Meridian Wealth Advisors LLC grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,699 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RSP. Beta Wealth Group Inc. boosted its position in Invesco S&P 500 Equal Weight ETF by 6.4% during the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after acquiring an additional 150 shares in the last quarter. Tidemark LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 31.4% in the fourth quarter. Tidemark LLC now owns 431 shares of the company’s stock worth $76,000 after acquiring an additional 103 shares during the period. Ceera Investments LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $267,000. Sandy Cove Advisors LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $222,000. Finally, Permanent Capital Management LP acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at about $25,956,000.

Invesco S&P 500 Equal Weight ETF Stock Down 0.5 %

NYSEARCA:RSP opened at $173.84 on Friday. The stock has a market capitalization of $72.42 billion, a PE ratio of 20.93 and a beta of 1.07. The stock’s 50-day moving average price is $178.66 and its 200-day moving average price is $179.06. Invesco S&P 500 Equal Weight ETF has a 52 week low of $158.83 and a 52 week high of $188.16.

Invesco S&P 500 Equal Weight ETF Company 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).