Invesco S&P 500 Equal Weight ETF $RSP is M3 Wealth Management LLC’s 3rd Largest Position

M3 Wealth Management LLC boosted its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.5% in the 1st quarter, Holdings Channel reports. The firm owned 56,768 shares of the company’s stock after acquiring an additional 3,939 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for about 8.4% of M3 Wealth Management LLC’s portfolio, making the stock its 3rd largest position. M3 Wealth Management LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $10,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorato Capital Management acquired a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $29,000. Hurley Capital LLC lifted its stake in shares of Invesco S&P 500 Equal Weight ETF by 200.0% in the fourth quarter. Hurley Capital LLC now owns 177 shares of the company’s stock worth $34,000 after buying an additional 118 shares in the last quarter. Basepoint Wealth LLC purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth about $40,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Equal Weight ETF in the first quarter worth about $42,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

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

RSP opened at $213.45 on Wednesday. Invesco S&P 500 Equal Weight ETF has a twelve month low of $179.94 and a twelve month high of $216.37. The firm has a market capitalization of $95.86 billion, a PE ratio of 20.10 and a beta of 0.91. The firm’s 50-day moving average price is $209.00 and its 200 day moving average price is $201.98.

Invesco S&P 500 Equal Weight ETF 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.