Miracle Mile Advisors LLC Acquires 5,812 Shares of Invesco S&P 500 Equal Weight ETF $RSP

Miracle Mile Advisors LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,171 shares of the company’s stock after purchasing an additional 5,812 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $3,068,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Japan Science & Technology Agency bought a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 1st quarter valued at about $656,908,000. North Peak Capital Management LLC increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 227.3% in the second quarter. North Peak Capital Management LLC now owns 1,374,131 shares of the company’s stock valued at $249,735,000 after purchasing an additional 2,453,262 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,657,672 shares of the company’s stock valued at $4,481,285,000 after purchasing an additional 1,103,629 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 119.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,027,552 shares of the company’s stock worth $368,487,000 after buying an additional 1,102,322 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Invesco S&P 500 Equal Weight ETF by 303.3% in the 2nd quarter. Corient Private Wealth LLC now owns 1,015,653 shares of the company’s stock valued at $184,495,000 after buying an additional 763,825 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $191.56 on Friday. Invesco S&P 500 Equal Weight ETF has a 1 year low of $150.35 and a 1 year high of $195.46. The company has a market capitalization of $74.10 billion, a PE ratio of 20.10 and a beta of 0.99. The business has a fifty day simple moving average of $190.10 and a 200 day simple moving average of $187.45.

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). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.