Meridian Financial LLC Purchases 597 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Meridian Financial LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,361 shares of the company’s stock after acquiring an additional 597 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 2.3% of Meridian Financial LLC’s holdings, making the stock its 9th largest position. Meridian Financial LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,393,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Eastern Bank purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter worth $28,000. GHP Investment Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% during the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $29,000. Richardson Financial Services Inc. increased its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after buying an additional 83 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at approximately $33,000.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $180.04 on Friday. Invesco S&P 500 Equal Weight ETF has a 1-year low of $153.16 and a 1-year high of $188.16. The stock has a market cap of $60.30 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock’s 50 day simple moving average is $180.54 and its 200 day simple moving average is $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).