Maripau Wealth Management LLC Purchases New Holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Maripau Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the fourth quarter, Holdings Channel reports. The firm purchased 18,603 shares of the company’s stock, valued at approximately $3,260,000. Invesco S&P 500 Equal Weight ETF comprises about 1.9% of Maripau Wealth Management LLC’s portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Keene & Associates Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the fourth quarter. Keene & Associates Inc. now owns 9,901 shares of the company’s stock valued at $1,735,000 after acquiring an additional 56 shares during the last quarter. Beaumont Financial Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock worth $327,000 after buying an additional 58 shares during the last quarter. Ingalls & Snyder LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.6% in the fourth quarter. Ingalls & Snyder LLC now owns 3,626 shares of the company’s stock worth $635,000 after buying an additional 58 shares during the last quarter. Boston Standard Wealth Management LLC increased its position in Invesco S&P 500 Equal Weight ETF by 3.7% in the fourth quarter. Boston Standard Wealth Management LLC now owns 1,709 shares of the company’s stock worth $300,000 after buying an additional 61 shares during the last quarter. Finally, Abound Wealth Management increased its position in Invesco S&P 500 Equal Weight ETF by 1.6% in the fourth quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock worth $706,000 after buying an additional 63 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Price Performance

NYSEARCA:RSP opened at $180.18 on Friday. The business has a fifty day simple moving average of $179.15 and a two-hundred day simple moving average of $178.84. Invesco S&P 500 Equal Weight ETF has a 1 year low of $158.83 and a 1 year high of $188.16. The company has a market capitalization of $74.90 billion, a P/E ratio of 21.37 and a beta of 1.07.

About Invesco S&P 500 Equal Weight ETF

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).