Miracle Mile Advisors LLC Has $3.07 Million Holdings in Invesco S&P 500 Equal Weight ETF $RSP

Miracle Mile Advisors LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 56.1% during the third quarter, HoldingsChannel reports. The firm 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC grew its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.3% during the third quarter. Chemistry Wealth Management LLC now owns 5,943 shares of the company’s stock worth $1,127,000 after purchasing an additional 188 shares in the last quarter. Roth Financial Partners LLC increased its stake in shares of Invesco S&P 500 Equal Weight ETF by 9.7% in the third quarter. Roth Financial Partners LLC now owns 108,920 shares of the company’s stock worth $20,661,000 after buying an additional 9,592 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the 3rd quarter valued at $67,000. JB Capital LLC grew its holdings in Invesco S&P 500 Equal Weight ETF by 6.3% in the 3rd quarter. JB Capital LLC now owns 1,881 shares of the company’s stock worth $357,000 after acquiring an additional 111 shares during the last quarter. Finally, OMNI 360 Wealth Inc. increased its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the third quarter. OMNI 360 Wealth Inc. now owns 10,072 shares of the company’s stock valued at $1,911,000 after acquiring an additional 243 shares during the period. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Price Performance

RSP opened at $191.56 on Friday. The firm has a market capitalization of $74.10 billion, a price-to-earnings ratio of 20.10 and a beta of 0.99. The business has a 50 day simple moving average of $190.10 and a two-hundred day simple moving average of $187.45. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $195.46.

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.