MinichMacGregor Wealth Management LLC Grows Position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

MinichMacGregor Wealth Management LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 16.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,456 shares of the company’s stock after buying an additional 478 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $606,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sandy Cove Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $222,000. Riversedge Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 6.7% in the third quarter. Riversedge Advisors LLC now owns 125,426 shares of the company’s stock worth $22,471,000 after purchasing an additional 7,883 shares during the last quarter. Blue Trust Inc. increased its position in Invesco S&P 500 Equal Weight ETF by 39.6% in the third quarter. Blue Trust Inc. now owns 610 shares of the company’s stock worth $100,000 after purchasing an additional 173 shares during the last quarter. Brightwater Advisory LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the second quarter valued at $3,227,000. Finally, Montis Financial LLC increased its position in Invesco S&P 500 Equal Weight ETF by 61.3% during the third quarter. Montis Financial LLC now owns 55,774 shares of the company’s stock valued at $9,992,000 after acquiring an additional 21,202 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Down 0.4 %

RSP stock opened at $181.49 on Thursday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $155.79 and a twelve month high of $188.16. The stock has a market capitalization of $60.79 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The firm’s fifty day simple moving average is $180.36 and its two-hundred day simple moving average is $176.40.

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).