PMG Wealth Management Inc. Makes New $5.60 Million Investment in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

PMG Wealth Management Inc. purchased a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,977 shares of the company’s stock, valued at approximately $5,603,000. Invesco S&P 500 Equal Weight ETF accounts for 5.1% of PMG Wealth Management Inc.’s holdings, making the stock its 8th largest position.

A number of other large investors have also made changes to their positions in RSP. Beta Wealth Group Inc. lifted its stake in Invesco S&P 500 Equal Weight ETF by 6.4% in the 4th quarter. Beta Wealth Group Inc. now owns 2,511 shares of the company’s stock valued at $440,000 after acquiring an additional 150 shares in the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $222,000. Strategic Financial Concepts LLC boosted its holdings in Invesco S&P 500 Equal Weight ETF by 84.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 73,946 shares of the company’s stock worth $12,958,000 after purchasing an additional 33,861 shares during the last quarter. Telos Capital Management Inc. grew its position in Invesco S&P 500 Equal Weight ETF by 4.9% in the fourth quarter. Telos Capital Management Inc. now owns 17,425 shares of the company’s stock valued at $3,053,000 after purchasing an additional 808 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Invesco S&P 500 Equal Weight ETF by 39.6% in the 3rd quarter. Blue Trust Inc. now owns 610 shares of the company’s stock valued at $100,000 after buying an additional 173 shares during the last quarter.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA:RSP opened at $179.82 on Friday. Invesco S&P 500 Equal Weight ETF has a 52-week low of $158.83 and a 52-week high of $188.16. The company has a market cap of $60.23 billion, a P/E ratio of 20.44 and a beta of 0.90. The stock’s 50-day simple moving average is $178.98 and its 200 day simple moving average is $178.23.

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).