Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) Stake Raised by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,785 shares of the company’s stock after purchasing an additional 173 shares during the period. Melfa Wealth Management Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Beaumont Financial Advisors LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 3.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,866 shares of the company’s stock valued at $327,000 after buying an additional 58 shares in the last quarter. CPA Asset Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF by 4.7% during the 3rd quarter. CPA Asset Management LLC now owns 1,386 shares of the company’s stock worth $248,000 after acquiring an additional 62 shares during the period. Inlet Private Wealth LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 2.2% in the third quarter. Inlet Private Wealth LLC now owns 2,867 shares of the company’s stock worth $514,000 after purchasing an additional 63 shares in the last quarter. Abound Wealth Management grew its position in Invesco S&P 500 Equal Weight ETF by 1.6% during the fourth quarter. Abound Wealth Management now owns 4,031 shares of the company’s stock valued at $706,000 after purchasing an additional 63 shares in the last quarter. Finally, Delta Investment Management LLC boosted its stake in shares of Invesco S&P 500 Equal Weight ETF by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 15,845 shares of the company’s stock valued at $2,603,000 after buying an additional 65 shares during the period.

Invesco S&P 500 Equal Weight ETF Trading Up 1.2 %

RSP opened at $182.13 on Wednesday. The stock has a market cap of $61.00 billion, a price-to-earnings ratio of 20.44 and a beta of 0.90. The stock has a fifty day moving average price of $180.44 and a 200 day moving average price of $176.24. Invesco S&P 500 Equal Weight ETF has a 1 year low of $155.79 and a 1 year high of $188.16.

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).