Marino Stram & Associates LLC Raises Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Marino Stram & Associates LLC lifted its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,154 shares of the company’s stock after buying an additional 1,433 shares during the quarter. Invesco S&P 500 Equal Weight ETF makes up about 1.0% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 16th largest position. Marino Stram & Associates LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,408,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Eastern Bank purchased a new position in shares of Invesco S&P 500 Equal Weight ETF during the third quarter valued at approximately $28,000. Richardson Financial Services Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 166 shares of the company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Invesco S&P 500 Equal Weight ETF by 79.1% in the third quarter. GHP Investment Advisors Inc. now owns 163 shares of the company’s stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Equal Weight ETF in the third quarter worth about $29,000. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Invesco S&P 500 Equal Weight ETF by 146.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 185 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares during the period.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of Invesco S&P 500 Equal Weight ETF stock opened at $181.49 on Thursday. Invesco S&P 500 Equal Weight ETF has a fifty-two week low of $155.79 and a fifty-two week high of $188.16. The firm has a 50-day simple moving average of $180.41 and a two-hundred day simple moving average of $176.37. The company has a market cap of $60.79 billion, a P/E ratio of 20.44 and a beta of 0.90.

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).