M3 Wealth Management LLC Acquires 3,939 Shares of Invesco S&P 500 Equal Weight ETF $RSP

M3 Wealth Management LLC grew its holdings in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,768 shares of the company’s stock after buying an additional 3,939 shares during the quarter. Invesco S&P 500 Equal Weight ETF accounts for 8.4% of M3 Wealth Management LLC’s investment 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Dorato Capital Management purchased a new stake in Invesco S&P 500 Equal Weight ETF in the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC purchased a new position in Invesco S&P 500 Equal Weight ETF during the fourth quarter valued at $29,000. Hurley Capital LLC grew its position 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 valued at $34,000 after purchasing an additional 118 shares during the period. Basepoint Wealth LLC acquired a new stake in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at about $40,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF during the fourth quarter worth about $42,000. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock 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 company has a 50-day moving average price of $209.00 and a 200 day moving average price of $201.98. The company has a market cap of $95.86 billion, a PE ratio of 20.10 and a beta of 0.91.

About Invesco S&P 500 Equal Weight ETF

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.