Maridea Wealth Management LLC Purchases 9,360 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Maridea Wealth Management LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 873.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,432 shares of the company’s stock after acquiring an additional 9,360 shares during the period. Maridea Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $1,998,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Occidental Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $325,000. Permanent Capital Management LP lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the 4th quarter. Permanent Capital Management LP now owns 218,091 shares of the company’s stock worth $41,778,000 after purchasing an additional 1,380 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 216.3% during the 4th quarter. Procyon Advisors LLC now owns 40,400 shares of the company’s stock worth $7,739,000 after purchasing an additional 27,628 shares during the last quarter. Parisi Gray Wealth Management boosted its stake in Invesco S&P 500 Equal Weight ETF by 1.3% during the 4th quarter. Parisi Gray Wealth Management now owns 10,250 shares of the company’s stock valued at $1,964,000 after purchasing an additional 134 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in Invesco S&P 500 Equal Weight ETF by 6.0% during the 4th quarter. Magnus Financial Group LLC now owns 39,588 shares of the company’s stock valued at $7,583,000 after purchasing an additional 2,256 shares during the period. 61.18% of the stock is currently owned by institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Down 1.5%

RSP opened at $190.48 on Friday. The stock’s 50 day moving average price is $199.62 and its two-hundred day moving average price is $193.35. The firm has a market capitalization of $78.99 billion, a P/E ratio of 20.10 and a beta of 0.99. Invesco S&P 500 Equal Weight ETF has a 12-month low of $150.35 and a 12-month high of $205.24.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.