Meridian Investment Counsel Inc. Has $4.24 Million Stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP)

Meridian Investment Counsel Inc. grew its position in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,195 shares of the company’s stock after purchasing an additional 1,292 shares during the quarter. Invesco S&P 500 Equal Weight ETF comprises 1.3% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 17th biggest holding. Meridian Investment Counsel Inc.’s holdings in Invesco S&P 500 Equal Weight ETF were worth $4,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 21,084.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,491,606 shares of the company’s stock valued at $1,487,984,000 after purchasing an additional 8,451,521 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Invesco S&P 500 Equal Weight ETF by 312.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,384,889 shares of the company’s stock worth $242,674,000 after buying an additional 1,048,921 shares during the last quarter. SPX Gestao de Recursos Ltda increased its holdings in shares of Invesco S&P 500 Equal Weight ETF by 1,502.5% during the third quarter. SPX Gestao de Recursos Ltda now owns 895,000 shares of the company’s stock worth $160,348,000 after buying an additional 839,150 shares in the last quarter. Moment Partners LLC bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the 4th quarter valued at $93,280,000. Finally, Heck Capital Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 4th quarter worth $83,931,000.

Invesco S&P 500 Equal Weight ETF Trading Down 1.5 %

Invesco S&P 500 Equal Weight ETF stock opened at $171.80 on Monday. The stock has a 50-day moving average price of $178.34 and a two-hundred day moving average price of $179.19. Invesco S&P 500 Equal Weight ETF has a 12 month low of $158.83 and a 12 month high of $188.16. The company has a market capitalization of $71.57 billion, a PE ratio of 20.93 and a beta of 1.07.

Invesco S&P 500 Equal Weight ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.8308 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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).