Madrid Wealth Management LLC Invests $3 Million in Invesco S&P 500 Equal Weight ETF $RSP

Madrid Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,684 shares of the company’s stock, valued at approximately $3,004,000. Invesco S&P 500 Equal Weight ETF accounts for about 2.4% of Madrid Wealth Management LLC’s portfolio, making the stock its 13th biggest holding.

Other large investors also recently modified their holdings of the company. Dorato Capital Management bought a new position in shares of Invesco S&P 500 Equal Weight ETF in the fourth quarter worth $26,000. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 Equal Weight ETF during the third quarter valued at $26,000. Aviso Financial Inc. purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $28,000. IMA Advisory Services Inc. bought a new position in Invesco S&P 500 Equal Weight ETF in the 3rd quarter worth about $33,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Equal Weight ETF in the 3rd quarter valued at about $35,000. 61.18% of the stock is currently owned by institutional investors.

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

Shares of RSP opened at $203.44 on Friday. Invesco S&P 500 Equal Weight ETF has a 12-month low of $168.48 and a 12-month high of $205.24. The company has a market cap of $87.79 billion, a PE ratio of 20.10 and a beta of 0.94. The stock has a 50-day moving average price of $197.91 and a 200-day moving average price of $194.98.

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.