Meadow Creek Wealth Advisors LLC Buys 536 Shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Meadow Creek Wealth Advisors LLC raised its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,742 shares of the company’s stock after purchasing an additional 536 shares during the period. Invesco S&P 500 Equal Weight ETF comprises 1.8% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Meadow Creek Wealth Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $2,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Tran Capital Management L.P. acquired a new stake in Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $434,000. Destination Wealth Management raised its position in shares of Invesco S&P 500 Equal Weight ETF by 5.1% during the 2nd quarter. Destination Wealth Management now owns 1,996 shares of the company’s stock worth $328,000 after acquiring an additional 96 shares in the last quarter. Courage Miller Partners LLC raised its position 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 in the last quarter. Brookstone Capital Management raised its position in shares of Invesco S&P 500 Equal Weight ETF by 13.5% during the 1st quarter. Brookstone Capital Management now owns 40,069 shares of the company’s stock worth $6,786,000 after acquiring an additional 4,772 shares in the last quarter. Finally, Roberts Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF during the 1st quarter worth about $470,000.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA RSP opened at $179.01 on Wednesday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $133.34 and a fifty-two week high of $182.22. The firm has a market capitalization of $59.96 billion, a PE ratio of 20.44 and a beta of 0.90. The stock’s 50-day simple moving average is $175.97 and its 200-day simple moving average is $169.03.

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).