Meridian Wealth Advisors LLC Acquires 6,787 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Meridian Wealth Advisors LLC boosted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 183.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,486 shares of the company’s stock after purchasing an additional 6,787 shares during the period. Meridian Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,906,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Nova Wealth Management Inc. acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at about $25,000. Uniplan Investment Counsel Inc. bought a new stake in Invesco S&P 500 Equal Weight ETF in the first quarter valued at approximately $26,000. Howe & Rusling Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 190.8% in the first quarter. Howe & Rusling Inc. now owns 189 shares of the company’s stock valued at $33,000 after acquiring an additional 124 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 2nd quarter valued at approximately $34,000. Finally, Hanson & Doremus Investment Management raised its holdings in Invesco S&P 500 Equal Weight ETF by 30.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 308 shares of the company’s stock worth $56,000 after purchasing an additional 72 shares during the last quarter. 61.18% of the stock is owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $185.76 on Friday. The company’s 50 day moving average price is $188.43 and its 200-day moving average price is $184.38. Invesco S&P 500 Equal Weight ETF has a 52-week low of $150.35 and a 52-week high of $192.33. The company has a market capitalization of $71.85 billion, a P/E ratio of 20.10 and a beta of 0.99.

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).