Meridian Investment Counsel Inc. Acquires 3,303 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Meridian Investment Counsel Inc. lifted its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 22,903 shares of the company’s stock after buying an additional 3,303 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.2% of Meridian Investment Counsel Inc.’s holdings, making the stock its 18th largest holding. Meridian Investment Counsel Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,103,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Destination Wealth Management grew its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% in the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock valued at $328,000 after acquiring an additional 96 shares during the period. Courage Miller Partners LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 0.6% during the 2nd quarter. Courage Miller Partners LLC now owns 46,896 shares of the company’s stock worth $7,704,000 after acquiring an additional 273 shares during the last quarter. Riversedge Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 6.7% in the 3rd quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock valued at $22,471,000 after acquiring an additional 7,883 shares during the period. Brown Brothers Harriman & Co. boosted its position in Invesco S&P 500 Equal Weight ETF by 17.5% during the second quarter. Brown Brothers Harriman & Co. now owns 40,260 shares of the company’s stock worth $6,614,000 after purchasing an additional 6,001 shares during the period. Finally, Brightwater Advisory LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the second quarter valued at $3,227,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of RSP stock opened at $180.94 on Friday. The company has a market capitalization of $60.60 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. Invesco S&P 500 Equal Weight ETF has a 52 week low of $144.35 and a 52 week high of $185.79. The company has a 50-day simple moving average of $178.67 and a 200 day simple moving average of $171.18.

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).