Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Position Boosted by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,903 shares of the company’s stock after acquiring an additional 3,303 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 1.2% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 18th largest position. Meridian Investment Counsel Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,103,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd acquired a new position in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at about $3,529,000. Valley Wealth Managers Inc. bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter valued at approximately $16,485,000. Archer Investment Corp increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 27.8% during the third quarter. Archer Investment Corp now owns 66,940 shares of the company’s stock valued at $11,993,000 after acquiring an additional 14,578 shares during the period. Birchcreek Wealth Management LLC raised its holdings in Invesco S&P 500 Equal Weight ETF by 2.1% during the third quarter. Birchcreek Wealth Management LLC now owns 31,031 shares of the company’s stock worth $5,559,000 after purchasing an additional 632 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 13.8% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,498 shares of the company’s stock worth $448,000 after purchasing an additional 303 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $180.94 on Friday. The stock has a market cap of $60.60 billion, a PE ratio of 20.44 and a beta of 0.90. The business’s fifty day moving average is $178.67 and its 200-day moving average is $171.18. Invesco S&P 500 Equal Weight ETF has a 1 year low of $144.35 and a 1 year high of $185.79.

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).